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France’s spending turns into political liability for Emmanuel Macron

President has a good record on rebooting economy but has failed to shrink the budget deficit

Reviving the French economy has been one of Emmanuel Macron’s main achievements. But that reputation has taken a hit as the French president struggles to control state spending and opposition parties start attacking him on the issue. 

Far-right leader Marine Le Pen has used news about the government overshooting its own deficit targets as a cudgel and the conservative Les Republicains (LR) have threatened a no-confidence motion that could bring down prime minister Gabriel Attal.

“The president’s answer to every problem has been to spend, spend, spend,” said Olivier Marleix, who heads the LR group in the assembly, citing as an example roughly €70bn in subsidies to consumers and businesses to blunt the energy crisis since 2021.

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