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West TimelinesWest Timelines
Home»World»Europe»France
France

An interview between Michel Barnier and Emmanuel Macron is scheduled for 7:15 PM

September 19, 2024No Comments3 Mins Read
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The documents confirm the initial information that had been leaked during the summer. Overall, Gabriel Attal had planned for a freeze in state spending in 2025 compared to the initial budget of 2024, at 492 billion euros. The ministries of labor and employment are facing significant cuts, with a decrease of 2.3 billion euros, or 6.9% year-over-year. The budget for public development aid would decrease by 1.3 billion euros, or 19.4%. Additionally, a decrease of 300 million euros (27%) is proposed for credits allocated to the transformation and public service sectors. On the other hand, defense would see an increase in its credits by 7%, amounting to 3.3 billion euros.

The budget cuts announced by Gabriel Attal include a significant reduction in spending in various sectors, with the ministries of labor and employment, as well as public development aid, being most affected. These cuts are part of an effort to freeze state spending in 2025, in comparison to the budget set for 2024. However, the defense sector is an exception to these cuts, as it would see an increase in its budget by 7%. The proposed budget also includes a decrease in credits allocated for the transformation and public service sectors by 27%.

A decrease of 1.3 billion euros in the budget for public development aid is a substantial cut and would amount to a decrease of 19.4% compared to the previous year. Additionally, a decrease of 300 million euros in credits for the transformation and public service sectors is also proposed, representing a 27% reduction. These budget cuts are part of the larger effort to freeze state spending in 2025. On the other hand, the defense sector would see an increase in its budget by 7%, totaling 3.3 billion euros.

The proposed budget cuts and changes in spending priorities reflect the government’s efforts to control spending and prioritize certain sectors, such as defense. While the ministries of labor and employment are facing significant cuts, the defense sector is set to benefit from an increase in its budget. The overall goal is to freeze state spending in 2025, in comparison to the budget set for 2024. This indicates a shift in priorities and a focus on managing the country’s finances effectively.

Overall, the proposed budget for 2025 includes significant cuts in various sectors, such as labor and employment, and public development aid. These cuts are part of a larger effort to freeze state spending, with the exception of the defense sector, which would see an increase in its budget. The budget also includes reductions in credits for the transformation and public service sectors. This reflects the government’s priorities and focus on managing spending effectively in the coming year.

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