France to Cut One-Third of Government Agencies to Save Funds

France’s Minister of Public Accounts, Amélie de Montchalin, announced on Sunday that the French government plans to propose merging or eliminating one-third of government agencies by the end of the year to reduce public spending.

This measure is expected to help save between two billion and three billion euros.

In an interview with French news outlets CNews and Europe 1, Minister de Montchalin stated that the proposed changes would be included in the budget by year-end.

She emphasized that this restructuring is part of the government's broader strategy to reduce public sector costs.

This decision comes as part of the French government's effort to meet the European Union's fiscal target. Prime Minister François Bayrou's government aims to lower the country's budget deficit from the current 5.4% of GDP to 3% by 2029, in accordance with EU requirements.

Additionally, French Finance Minister Eric Lombard revealed that the government plans to reduce overall spending by 40 billion euros in the upcoming fiscal year as part of its budgetary reforms.

This initiative is expected to streamline government operations while contributing to the country’s long-term fiscal health.