François Bayrou assures that he intends to carry the target of a deficit at 4.6 % of GDP in 2026 | EUROtoday

François Bayrou assured, Thursday, July 10, that the federal government was going to carry its goal to go the deficit to 4.6 % in 2026, in opposition to 5.8 % at the moment, whereas the presentation of a public finance restoration plan is predicted on July 15.
The deficit is “5.8 %” gross home product (GDP), “This year we are going to go to 5.4 % and next year, this is the budget that we will announce, (…) We are going to go to 4.6 % ”said Prime Minister on LCI. “The authorities will say what the constraints are, the mandatory efforts, the choices to be made in order that we get from this lethal lure”said the Prime Minister, without wanting to reveal his tracks.
“There could also be particular efforts right here and there, however I don’t imagine that it’s by the tax we remedy issues”all the same added Mr. Bayrou. “I need everybody to take part” To the economy effort of around 40 billion euros for the next France’s budget, added the head of government, saying that it does not want to “That there are focused classes and others that aren’t”but “With an effort of justice that we are going to clearly should put in place”. “If prosperity got here from taxes, since we have now a very powerful taxes on the planet, we’d be the richest on the planet”he hammered, calling for “Common sense”.
Tuesday, the Court of Auditors had published a report calling for “Take management” public finances and recommending budgetary efforts “Very demanding” in the coming years. “The postponement of efforts is not attainable, whereas the burden of public debt has already doubled between 2020 and 2024 and may change into the primary publish of expenditure of the State by the tip of the last decade, earlier than National Education and Defense”wrote the independent institution chaired by Pierre Moscovici.
Propose “the financial institution of democracy”
Asked also about the possibility of establishing a proportional ballot in the legislative elections – a reform desired by the Prime Minister but which divides his supporters -, François Bayrou proposed that the French can ” select ” by “Referendum” While recalling that it is up to the President of the Republic to initiate or not a referendum.
The Prime Minister also said “Determined to suggest the Bank of Democracy”which he said could be “Backed on the Caisse des Dépôts et Consignations”and which should allow political parties to finance themselves.
This bank must “Take cost of the mortgage you’d have obtained in any other case from non-public banks”explained the Prime Minister, of which it has been a workhorse for a long time. Mr. Bayrou, who “Hope to current this challenge earlier than fall”sees it as a way to introduce more ” justice “ In the party funding system, while certain training courses, starting with the national rally, have difficulty obtaining loans for their campaigns.
https://www.lemonde.fr/politique/article/2025/07/10/francois-bayrou-assure-qu-il-entend-tenir-l-objectif-d-un-deficit-a-4-6-du-pib-en-2026_6620554_823448.html