The government of Gabriel Attal is struggling to legitimize its new budgetary strategy amid a slowdown in growth and the derailment of public accounts.
The goal is to reduce France's public deficit to less than 3% of GDP by 2027, a target that some analysts consider unrealistic.
Confidence in President Macron's economic strategy is waning, with growing threats of a censure motion.
The budgetary strategy reflects a deferral of tough decisions until after the European elections.
The Haut Conseil des finances publiques considers that an amount of budgetary adjustment of nearly 60 billion euros will be necessary, and that such an effort is unprecedented.
Conclusion: Due to the lack of a clear plan and political instability, France’s economic strategy is under increasing skepticism, and the need for a serious political debate around responsibilities and the way forward has never been greater.