France’s 2023 Deficit ‘Significantly’ Above 4.9%, Le Maire Says

France’s public deficit was “significantly above” 4.9% of gross domestic product because of a shortfall in tax receipts, Finance Minister Bruno Le Maire told Le Monde.

France still aims to trim to the deficit below 3% of GDP in 2027 and to balance its public finances in 2032, Le Maire said in an interview with the paper published on Wednesday.

The French government is planning €10 billion ($10.9 billion) in savings as a first step, which could be followed by a supplementary budget next summer. A further €12 billion in savings will need to be found in the 2025 ...