France: Outgoing government to renew 2024 budget to avoid shutdown

Hibapress

The French Prime Minister for Current Affairs, Gabriel Attal, has decided to renew the State credits from 2024 identically for 2025, to the amount of 492 billion euros.

This measure was explained by the desire of the outgoing Matignon tenant to leave the next government “the means to present a budget within the time limits provided for by the organic laws”, the media reported on Wednesday.

Presenting the broad outlines of this transitional budget on Tuesday, Mr. Attal thus proposes a freeze on state spending with a “reversible” 2025 budget which will make it possible to avoid a shutdown.

The country will thus be able to equip itself with a budget on time and which will also allow the next government to make its own choices on the basis of what has been prepared and transmitted to the ministries, explain the media, citing Matignon.

Following the Olympic and political truce called for by the President of the Republic, Emmanuel Macron, on the eve of the Paris Olympics, to ensure the smooth running of the Games and a better welcome for France’s guests, consultations will begin on Friday with the Elysée Palace with a view to appointing a new government whose first task will be to present the 2025 budget, which traditionally should have already been decided in mid-August for examination in Parliament on October 1.

The government will also have to face an excessive deficit procedure initiated against it by the European Union. It will have to send its responses to Brussels by September to rectify this situation, under penalty of financial sanctions.