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France's 2026 deficit target implies 40 billion euros of savings, minister says

France's plan to lower its budget deficit to 4.6% of economic output in 2026 from 5.4% this year implies finding 40 billion euros ($45.4 billion) of savings, finance minister Eric Lombard said on Sunday. "I am sticking to the target of 4.6% for 2026, which will require an extra and very considerable effort worth 40 billion euros," Lombard told BFM TV. France, the euro zone's second-biggest economy, is targeting a gradual reduction in its budget deficit in order to meet EU rules.

France's plan to lower its budget deficit to 4.6% of economic output in 2026 from 5.4% this year implies finding 40 billion euros ($45.

4 billion) of savings, finance minister Eric Lombard said on Sunday. "I am sticking to the target of 4.6% for 2026, which will require an extra and very considerable effort worth 40 billion euros," Lombard told BFM TV.

France, the euro zone's second-biggest economy, is targeting a gradual reduction in its budget deficit in order to meet EU rules..