French PM Unveils Ambitious Plans for Deficit and Immigration Reforms

French Prime Minister Michel Barnier delivered a comprehensive 1.5-hour address to the National Assembly on Tuesday, outlining his government’s key priorities aimed at strengthening France's economic and social fabric.

Among the primary goals, Barnier announced an aggressive plan to reduce France’s public deficit from the current 6% of its GDP to 5% by 2025 and further down to 3% by 2029. To achieve this, he pledged significant cuts in public spending and the introduction of a more \"effective\" public expenditure scheme.

In addition to fiscal measures, Barnier emphasized the need for immigration reform. In the wake of a tragic incident involving an illegal immigrant, he acknowledged that France’s migration and integration policies require substantial improvement. The Prime Minister proposed tightening visa issuance for countries hesitant to repatriate their deported nationals and extending detention periods for undocumented migrants awaiting deportation. These measures aim to enhance the enforcement of obligations to leave French territory.

Barnier also addressed taxation, calling for increased contributions from large and very large companies that generate significant profits. He emphasized that these changes would not compromise France’s competitiveness. Wealthy individuals in France will face an \"exceptional contribution\" to support the nation’s financial stability.

Beyond economic and immigration policies, Barnier touched on energy and accommodation initiatives, alongside potential reforms in the retirement system. Addressing a divided National Assembly, he vowed to govern with a \"new method\" centered on \"listening, respect, and dialogue.\" As the Prime Minister does not hold an absolute majority, he appealed to the opposition to embrace dialogue and a culture of compromise as foundational principles for governance.

Barnier’s speech reflects a strategic approach to addressing France’s current challenges, balancing fiscal responsibility with social reforms to foster a sustainable and cohesive society.

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