France Sticks to 2029 Deficit Goal as It Trims Growth Forecasts
The National Assembly and the Eiffel Tower near the river Seine in Paris.
Photographer: Nathan Laine/BloombergFrench President Emmanuel Macron’s government presented a deficit-reduction plan based on lower growth forecasts for the next three years, which would make it more challenging for the country to get a grip on public finances.
The Finance Ministry reaffirmed a goal to narrow the deficit below 3% of output in 2029 from 5% this year. However, it opted not to include targets for the next two years in its multi-year plan on Wednesday.