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AFP News

France Says Needs 25 Bn Euros Budget Cuts To Keep Deficit Promise

European Union Deficit France Emmanuel Macron LFI

The French finance ministry ordered spending cuts within days of Macron's election defeat (Credit: AFP)

The French government, under EU pressure for overspending, said Thursday it needed a total of 25 billion euros in budgetary cuts this year to keep its promise of getting deficits back under control.

President Emmanuel Macron's government, which lost its parliamentary majority in Sunday's snap election, has come under intense scrutiny by the EU Commission over its deficit and debt levels.

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