the 33-year-old minister of economy's rapid promotion "across the planet"
2024-09-23
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the first and most urgent task of the new french government is considered to be to pass the 2025 government budget. the british broadcasting corporation (bbc) said that the european union has warned france about its rising debt, which has far exceeded eu regulations. against this background, armand, who was appointed as the minister of economy of the new french government on the 21st, has become the focus of attention.
agence france-presse reported on the 22nd that if barrot, the minister-level representative in charge of european affairs in the previous government, was appointed as the new french foreign minister, his promotion was rapid, then armand's promotion was "across the planet." he is only 33 years old, is the chairman of the national assembly's economic committee, and now has to face france's huge budget deficit.
according to the washington post, during the covid-19 pandemic, the french government has expanded fiscal spending to protect the economy and protect french families from soaring energy prices after the outbreak of the russian-ukrainian conflict. in addition, france has increased its defense spending. last year, france's fiscal deficit reached 154 billion euros, accounting for 5.5% of gross domestic product (gdp)-higher than the eu's 3% guideline and second in the eu, second only to italy. the french government also has tens of billions of euros in its annual budget to pay debt interest, and the total debt is currently about 3 trillion euros. france's debt accounts for more than 110% of gdp-ranked third in europe, second only to greece and italy.
the bbc said that armand is a member of macron's own renaissance party and had no political reputation before this. armand's task is to draft a government budget bill before the new year to solve france's serious deficit problem. before the early election of the french national assembly this year, the eu's executive body warned france that violating eu financial rules would be punished. france's public sector deficit is expected to reach about 5.6% of gdp this year and exceed 6% by 2025. (yu wen)▲# hundreds of reviews#
