The new team at the helm of France’s economy will need to begin work immediately on passing a 2025 budget, which has been in limbo since the National Assembly rejected the belt-tightening proposal from former Prime Minister Michel Barnier, which led to the toppling of his government.
New Prime Minister Francois Bayrou’s team, which he unveiled Monday, is under pressure to pass a budget to cut soaring public spending and reduce a deficit expected to end the year at above six percent of gross domestic product.
