French President, Francois Holland
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A closer look at France's economy under Hollande

French President Francois Hollande's government is presenting its first budget, and is expected to commit to a sharp reduction in the public deficit.

The budget will include measures to plug a 30bn euro (£23.8bn; $38.7bn) hole in the country's finances.

Officials have suggested roughly two-thirds of the money will be come from tax rises rather than spending cuts.

The BBC's correspondent in Paris, Christian Fraser, looks at how the Socialist leader plans to please not only his electorate - but also the financial markets.

  • 28 Sep 2012
  • From the section World
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