France’s prime minister François Bayrou, Tuesday night presented some of the ways in which the Government will drastically reduce its energetic deficit. This is how these changes could affect their life in France.
On Tuesday, the French prime minister, François Bayrou, delivered a speech at a conference on public spending in which he described the urgent need to find between “€ 50 and 50 billion of savings.”
Bayrou criticized France’s debt, noting that the changes were necessary and that the “survival of our country is at stake.”
Although Bayrou did not offer any specific plan, he described fiscal incidents a “unsustainable” solution, although, according to reports, the Government considers to maintain what Meeantino was as a unique special tax for high winners.
The prime minister explained that more details would be announced on July 14, but he did sacrifice some general areas in which the government would focus to reduce France’s debt.
Opinion: ‘Make the French work more’ – Good luck convincing them
Producing more
It is likely that the details in July include provisions to increase employment and production, in part among young and old workers (more than 55 years).
Bayrou argued that France “lacks means to finance its policies, does not produce or work enough.” He stressed the importance of “restoring production” and “reindustrialization.”
The prime minister specified the need for France to reduce its “agricultural, industrial and intellectual dependence”, which could be achieved by making more or changing consumption patterns.
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Working more
In terms of employment, the Prime Minister argued that France needs to work more, namelically with respect to young people and older people, who claimed to have a lower job than the same groups in European countries.
However, the latest European figures are 2023, and those showed that France was average. In 2023, the youth employment rate of France (people under 24 years old) was 35.2 percent (almost the same as Portugal).
The youth employment rate was lower in Italy and Spain, the Germans, the Danish and the Dutch had higher youth levels, Radio France reported.
For the elderly (55-64), Bayrou were right that France was below the average, with 58 percent of this cohort used, in contrast to the EU average or 64 percent.
Changes in illness license
The Minister of Public Accounts, Amélie de Montchalin, also made some ads at the press conference.
He explained that the Government aims to reduce public spending by six percent by 2029, and specifically highlighted the need to combat the “very serious increase in illness license” (Congé/ Arrêt Evil).
According to France reports, employee absenteeism had increased by 41 percent since 2019 (the last year before-Covid-19).
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Capital France discovered that the “increase is mainly explained by the increase in the frequency of long -term absences (more than two months), which increased by 7.5 percent between 2023 and 2024”. Among the increase in illness license, periods of mental health license are now the main cause of long -term absences, partly among younger workers.
Completion of tax exemptions and lagoons
Montchalin also requested greater “responsibility” in public services.
Just although Bayrou joked that France gave people a “bonus for taking their shoes to the shoemaker,” Montchalin reiterated the fact that the government would make an effort to reduce tax benefits and lagoons.
Montchalin, in a separate interview with TF1, said Wednesday: “There are 467 tax lagoons, several boxes or that benefit Fower than 100 taxpayers.”
She did not sacrifice any details about which tax exemptions would be directed, but this will probably be specified in more detail in July.
Read more: 10 tax exemptions than in France
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