In 2024, France's public deficit reached €169.6 billion (5.8% of GDP), attributed to tight spending by Michel Barnier's government and slightly better revenues. Minister Eric Lombard expressed concern over the deficit, which is nearly double the eurozone target. The government aims to reduce the deficit to 5.4% by 2025 and below 3% by 2029. Public debt rose to 113% of GDP. The administration faces challenges in reducing spending amid weak growth and increasing defense spending, with significant uncertainty regarding US tariffs.