In a bold move to address France’s economic challenges, Prime Minister François Bayrou has proposed cutting two public holidays from the annual calendar. This initiative is part of a broader budget plan aimed at reducing the country’s significant debt and deficit. The two holidays under consideration are likely to be Easter Monday and Victory Day, celebrated on May 8.
During a press briefing on Tuesday, Bayrou emphasized that eliminating these holidays could generate substantial tax revenues. He projects that this change could contribute to an overall savings target of approximately 44 billion euros (around $51.3 billion) in the upcoming budget. The proposal comes as President Emmanuel Macron has tasked Bayrou with crafting a budget that balances cost-cutting measures with increased spending, particularly in defense, amid rising geopolitical tensions.
Budget Cuts and Economic Strategy
Bayrou’s plan reflects a critical effort to stabilize France’s economy, which is grappling with high levels of debt. The Prime Minister argued that the significance of Easter Monday has diminished over time, while the month of May has become overcrowded with public holidays, including May Day and the Catholic holiday of Ascension.
Despite these suggestions, Bayrou acknowledged that these holidays are merely proposals and that he remains open to alternative ideas. France currently observes 11 official holidays each year, and any changes would require navigating a complex political landscape.
Macron’s centrist party lacks a parliamentary majority, necessitating support from opposition parties on both the left and right to successfully pass the budget this fall. The proposals from Bayrou have already faced criticism from trade unions and the far-right National Rally, which holds the largest single bloc in the National Assembly.
Political Challenges Ahead
The political viability of Bayrou’s proposals is uncertain, especially given the contentious nature of budget discussions in France. The Prime Minister’s position is precarious; failure to secure agreement on the budget could jeopardize his role in the government.
As the budget process unfolds, the implications of these proposed changes will resonate across various sectors of French society. With economic pressures mounting, the government’s approach to fiscal responsibility and public spending is under intense scrutiny, making the coming months critical for both Bayrou and Macron’s administration.
