Among other things, Bayrou proposes that two public holidays be abolished: Easter Monday and Liberation Day on May 8. Bayrou is, however, open to other proposals, he adds.
France's national debt is a staggering 3,300 billion euros (37,000 billion kronor) and has for several years broken the EU's budget rules. To try to curb the soaring expenses in the EU's second-largest economy, Prime Minister Bayrou is expected to present savings of 40 billion euros.
We will not allow the deficit to accumulate, said Bayrou in an interview in the French TV channel
ahead of the upcoming budget presentation.
For the first time in a long time, the government will say what the limitations are, what efforts are required and what decisions must be made to get us out of this deadly trap, he said.
The savings, which are expected to be achieved through expenditure reductions, are likely to provoke the opposition's anger. There is a risk that political opponents from both the right and the left will bring down Bayrou's minority government during the autumn's budget negotiations.
Bayrou has previously described France's economic situation as standing at the foot of the Himalayas. Paris is expected to pay 67 billion euros in interest this year, which is more than the country spends on defense, according to the newspaper Politico.
