France's new government will on Thursday deliver its 2025 budget, with plans for €60 billion worth of tax hikes and spending cuts to tackle a spiralling fiscal deficit. But without a majority, Prime Minister Michel Barnier will likely need to make concessions to avoid a veto from opposition parties.
"This will be a difficult, serious and responsible budget," Barnier said on Tuesday after surviving a no-confidence motion proposed by left-wing MPs, which the right-wing National Rally (RN) did not vote for.
