French Prime Minister Michel Barnier is set to present the 2025 budget to his cabinet this Thursday, with a focus on appeasing financial markets. The budget plan, which will be unveiled during the cabinet meeting, is expected to outline the government’s fiscal strategy for the coming year.
The presentation comes at a crucial time for the French economy, as the country continues to grapple with the economic fallout from the Covid-19 pandemic. Barnier is facing pressure to strike a balance between supporting economic recovery and maintaining fiscal discipline, as France works to rebound from the pandemic-induced recession.
Financial markets will be closely watching Barnier’s budget presentation, looking for clues on how the government plans to address key economic issues such as public debt levels, government spending, and taxation policies. Investors will be particularly interested in any measures aimed at boosting growth and job creation, as well as efforts to support vulnerable sectors of the economy.
The 2025 budget is expected to reflect the government’s priorities and policies for the coming year, outlining how it plans to address both short-term challenges and long-term economic goals. Barnier’s presentation to the cabinet will set the stage for future budget discussions and negotiations with lawmakers, as the government seeks to secure support for its budget plan and ensure its passage in parliament.
Overall, the presentation of the 2025 budget represents a key milestone for the French government as it seeks to navigate the economic challenges ahead and set the country on a path to sustainable growth and prosperity. Financial markets will be closely monitoring developments, as they assess the government’s ability to steer the economy in the right direction in the years to come.
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Video “French PM to present 2025 budget to cabinet with financial markets in mind • FRANCE 24 English” was uploaded on 10/10/2024 to Youtube Channel FRANCE 24 English