Against a background of significant political instability, and without a parliamentary majority, the government announced a budget that has made the recovery of public accounts an absolute priority.
The plan aims to reduce public debt by €30 billion over the next year. This will be achieved through a combination of €17 billion in spending cuts and €14 billion in new revenue, with the goal of lowering the public deficit to 4.7% of GDP (5.4% anticipated in 2025).
