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France’s government deficit unexpectedly large – finance minister calls for cuts

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Published: March 27th, 2024,
Last updated: May 28th, 2025

France’s Finance Minister Le Maire wants to save even more than expected.

The deficit in the French national budget grew surprisingly significantly last year. It amounted to 5.5 percent of gross domestic product, as announced by the Insee statistics office in Paris on Tuesday. In 2022, new debt was still at 4.8 percent. The government had only targeted a small increase to 4.9 percent.

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