French officials are considering economic measures to save up to six billion euros amid the financial impact of the Middle East war. The government is expected to announce savings of four billion euros on state spending and two billion on social security. These savings could involve canceling or freezing credits for ministries, with defense likely to be spared.
According to sources, the savings measures will vary between ministries, and social security beneficiaries are not expected to be affected. The government has revised its economic growth forecast to 0.9% in 2026 due to rising energy prices, upping its inflation forecast to 1.9%. The war in the Middle East has significantly increased debt costs, with estimates ranging around four billion euros.
The meeting on Tuesday will gather lawmakers, local officials, social security and state representatives, and union members, led by ministers of Economy, Public Accounts, Labor, Health, and Territorial Development.
