France's 2025 budget finally set to become law as PM survives no-confidence vote

After running on an extension of the 2024 budget for more than a month, France is finally set to have a formal 2025 budget after Prime Minister François Bayrou forced the text through parliament without a vote but survived a vote of no-confidence over the move. The plan aims to bring the budget deficit down to 5.4 percent of GDP and save €50 billion through spending cuts and tax hikes. Plus, amid US President Donald Trump's tariff threats, new data shows the US trade deficit with other countries widened to a new record in 2024. 

Feb 6, 2025 - 06:00
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France's 2025 budget finally set to become law as PM survives no-confidence vote
After running on an extension of the 2024 budget for more than a month, France is finally set to have a formal 2025 budget after Prime Minister François Bayrou forced the text through parliament without a vote but survived a vote of no-confidence over the move. The plan aims to bring the budget deficit down to 5.4 percent of GDP and save €50 billion through spending cuts and tax hikes. Plus, amid US President Donald Trump's tariff threats, new data shows the US trade deficit with other countries widened to a new record in 2024. 
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