France's Financial Outlook: Economy Minister Confident in Achieving Deficit Target

France remains determined to meet its budget deficit target for 2024 despite economic challenges and instability. Economy and Finance Minister Bruno Le Maire declared that it is still possible to achieve the deficit target of 3% of gross domestic product (GDP) in a year. He emphasized the importance of maintaining this figure for ensuring the financial stability and economic growth of the country.

Le Maire noted that the government is taking necessary measures to control public spending and increase revenues aimed at reviving the economy after the challenges posed by the COVID-19 pandemic and global inflation. Authorities plan to improve the efficiency of budget expenditures and cut ineffective costs, which should contribute to reducing the deficit.

In his statement, the minister also highlighted the need for a dynamic approach to the economy and creating favorable conditions for business. He expressed intentions to reform the tax system, which he believes will help stimulate investment and strengthen the country's financial resilience.

Le Maire expressed optimism regarding the French economy, noting that it is recovering faster than expected. However, he also warned of potential risks associated with the geopolitical situation and changes in global markets that could impact internal economic indicators.

The minister assured that the government will continue working to improve deficit forecasts and ensure that the country can avoid higher debt liabilities and financial difficulties. His confidence in achieving the goals was supported by recent positive data from various sectors of the economy.

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