France Sets 2027 Budget Spending Growth at 0.7% as EU Cap Stands at 1.2%
Updated
Updated · Bloomberg · Sep 19
France Sets 2027 Budget Spending Growth at 0.7% as EU Cap Stands at 1.2%
3 articles · Updated · Bloomberg · Sep 19
Summary
France said its draft 2027 budget bill keeps net primary expenditure growth to 0.7%, below the European Commission’s recommended ceiling of 1.2%.
The government framed the plan as proof it is complying with EU spending guidance after missing this year’s deficit target.
Saturday’s statement from the Budget Ministry is aimed at reassuring financial markets that France will tighten fiscal discipline in its next budget cycle.