AssetID: 55631197
Headline: UNCAPTIONED: France Faces €4B Budget Cuts As Iran War Hits Economy
Caption: France is planning at least €4 billion in spending cuts to control its deficit. The move comes as the Middle East conflict weighs on growth and public finances. Economy Minister Roland Lescure said rising interest costs are driving the cuts. Higher borrowing costs are adding around €300 million per month to debt servicing. The government aims to keep the deficit below 5% of GDP and reach 3% by 2029. Lower tax revenues and higher energy prices are worsening the fiscal outlook. Authorities are still providing support to households and businesses, including fuel subsidies. Prime Minister Sébastien Lecornu is expected to outline further measures as pressure grows. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,France,budget,euros,Iran,war,economy,spending cuts,control,deficit,Economy Minister Roland Lescure,energy prices,fuel,tax,Prime Minister Sébastien Lecornu
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