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Radio France Internationale

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French budget deficit widens but government promises no tax hike

Deficit Emmanuel Macron France Bruno Le Maire the National Assembly

French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire at Hotel Matignon in Paris, France, February 1, 2024 © Benoit Tessier / Reuters

France's budget deficit widened more than forecast in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

The public deficit jumped to 5.5 percent of gross domestic product, or €154 billion, statistics agency INSEE said.

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