French Prime Minister to announce cuts in new austerity budget

France 24Tuesday, October 14, 2025 at 10:59:44 AM
French Prime Minister to announce cuts in new austerity budget
French Prime Minister Sébastien Lecornu is set to announce significant cuts in a new austerity budget, which could amount to 30 billion euros in spending reductions. This comes as he faces two potential no-confidence votes, making the situation even more critical. The budget will also extend a temporary surtax on high-earners and large companies, albeit at a reduced rate. This move is significant as it reflects the government's efforts to manage the economy amid rising pressures, but it may also lead to public discontent and further political challenges.
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