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The Prime Minister says he intends to maintain the target of a deficit of 4.6% of GDP in 2026.

The Prime Minister says he intends to maintain the target of a deficit of 4.6% of GDP in 2026.

François Bayrou mentioned on Thursday "special efforts here and there" to achieve this goal, but without a general tax increase.

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French Prime Minister François Bayrou gives a press conference in Paris on July 10, 2025. (STEPHANE DE SAKUTIN / AFP)

An objective that will require "efforts". François Bayrou assured, Thursday July 10, that his ambition was to reduce the deficit to 4.6% in 2026, mentioning "here and there particular efforts" , but without generalized tax increases, in an interview on LCI. The deficit is "at 5.8%" of the gross domestic product, "this year we will go to 5.4% and next year, (...) we will go towards 4.6%" , he affirmed, emphasizing that "the government will say what the constraints are, the necessary efforts, the decisions to be taken to get out of this death trap" , without wanting to reveal its tracks.

"I want everyone to participate" in the effort to save around 40 billion euros for France's next budget, explained the head of government, saying he did not want "some categories to be targeted and others that are not" , but "with an effort of justice that will obviously have to be put in place" .

François Bayrou also said he was "determined to propose a democracy bank," which he said could be "linked to the Caisse des dépôts et consignations," and which should enable political parties to finance themselves. This bank should "take over the loan that you would otherwise have obtained from private banks," explained the Prime Minister, who has long been a champion of this issue.

The man who "hopes to present this project before the autumn" sees it as a way to introduce more "justice" into the party financing system, while some parties, starting with the National Rally, are having difficulty obtaining loans for their campaigns. François Bayrou also proposed that the French people should be able to "choose" by "referendum" if they want a proportional voting system for the legislative elections.

Francetvinfo

Francetvinfo

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