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Budget 2026: Imf Calls on France to Cut Spending in "Administration" and "Social Security"
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The latest IMF report shows the fiscal trajectory for 2026. In an attempt to stem the drift, the executive promises more than €40 billion in adjustment, in order to reduce the deficit and slow down the surge in public debt. This plan aims to reduce the deficit to 4.6% of GDP in 2026, after a record 5.8% in 2024, well above the 4.4% initially forecast. Exceedances at the level of local authorities (0.3% of GDP) and social security (0.5 % of GDP) …
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