France Prime Minister: We work and produce too little, we spend too much

We work too little and we produce too little, and we spend too much – said French Prime Minister Francois Bayrou on Tuesday, who appealed to the French to support the state in the fight against public debt. The opposition criticizes the government for continuing to continue the ill -considered monetary policy of the president's camp.

Bayrou warned in his speech that the government does not have sufficient resources to meet social needs, because the French, compared to its neighbors, “they produce too little and work too little”, which – as the AFP agency explains – is partly the result of a low employment rate among young and seniors.

France's financial liquidity problems led to an increase in the state's debt in 2024, when it reached over 3.5 trillion of euros, which corresponds to 113 percent. Country GDP. Bayrou assessed that the problem of growing state debt can be a “dangerous trap that is potentially irreversible.” At the same time, the prime minister rejected the possibility of raising taxes.

Bayrou said that the arms sector would provide France by independence and declared that next year's budget there will be an additional three billion for defense. Through investments in industry, technologies and simplification of administrative formalities, France is to reduce the budget deficit to 3 percent. in 2029. According to government calculations, the state must save in 2026 between EUR 40 and 50 billion.

According to opposition and commentators, the solutions of the country's fiscal problems presented by the premiere are not clear and show that the government is not doing in this difficult situation.

The chairman of the far -right national union Jordan Bardella wrote on platform X that “Bayrou presented the tragic balance of the economy (President Emmanuel) Macron and thus his own.” He added that the prime minister did not secure the savings of the French and did not say how he intends to fight this crisis. Finally, he exploited his speech, assessing that the Bayrou government after less than four months in power is close to its end.

The AFP agency pointed out that the Prime Minister did not manage to propose the solutions to the problems he diagnosed, although it ensures that he would be able to do it before July 14, when he presents the budget outline at 2026. (PAP)

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