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FILE - France's Prime Minister Gabriel Attal delivers a speech at the National Assembly, in Paris, Tuesday, March 12, 2024.

Video. French budget deficit rose to 5.5% in 2023 with welfare cuts planned

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The French budget deficit rose to 5.5% according to new data by statistical agency Insee. Prime Minister Attal announced welfare cuts could be imposed to lower the budget deficit to 2.7 percent by 2027.

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