France's budget for 2025 will "fully" be in line with the European Union's new spending rules, finance minister Antoine Armand vowed, ahead of his first meeting with EU counterparts on Monday, reports FRANCE 24.
The new minister will present the national budget on Thursday, which Paris hopes will tackle France's "colossal" debt through spending cuts and new taxes.
"We have prepared a budget to strengthen the country's financial and national sovereignty," Armand said during a media briefing, adding that respecting EU rules is "a question of international credibility".
Brussels has already rebuked France for breaking budget rules, placing the country in a formal procedure in July because its deficit is above three percent.
France must submit a plan to reduce its public deficit, but Paris obtained a delay after a new government had to be appointed following snap elections.
France is looking to improve its financial situation by some 60 billion euros ($66 billion) in 2025 in the hope of bringing the public sector deficit to five percent of gross domestic product (GDP) from an estimated 6.1 percent this year.