Prime Minister Sébastien Lecornu said on Thursday that France will cut public spending by €54 billion next year to reduce the country's deficit. The announcement comes seven months ahead of the country's presidential election, and the government is wary of a new wave of demonstrations with a jump in global oil prices sparking concerns over the rising cost of living.
France's prime minister promised Thursday that the government will reduce the country's deficit next year by cutting public spending by €54 billion ($62 billion) in 2027.
