New budget minister Gabriel Attal says the country must stay on the path of reducing borrowing
Gabriel Attal, France’s new budget minister. Picture: REUTERS
When Macron initially took office in 2017, he sought to use technical rigour to cut back the economy’s reliance on borrowing and ease rules restraining business activity. But the pandemic forced him to change course and embrace a “whatever it costs” approach. The ministers of his new government will be walking a fine line as they seek to rein in public spending while simultaneously trying to limit the fallout from the cost-of-living crisis.
Economy and finance minister Bruno Le Maire, confirmed in his role on Friday, spoke at the same ceremony and also stressed that keeping public accounts under control will be one of his main priorities alongside the fight against inflation.
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