France Plans $66 Billion in Spending Cuts and Tax Hikes in 2025
France plans around €60 billion ($66.4 billion) in spending cuts and tax hikes next year as Prime Minister Michel Barnier seeks to claw back a widening budget deficit and bolster investor confidence in the country.
France's Barnier announces targeted tax hikes to plug budget deficit
Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France's biggest companies and wealthiest individuals on Tuesday, saying there was no other way to narrow a gaping budget deficit.
France to consider corporate tax increase to lower budget deficit
France's new Prime Minister Michel Barnier is reportedly considering a one-off increase in corporate tax on the country's biggest companies, as the government faces a deadline on Tuesday to present a budget for 2025,
French PM vows more taxes and spending cuts ahead of budget fight
France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers
France's Barnier resorts to targeted tax hikes to plug budget deficit
Prime Minister Michel Barnier announced steep spending cuts and tax hikes for France's biggest companies and wealthiest individuals on Tuesday, saying there was no other way to narrow a gaping budget deficit.
French prime minister vows more taxes and spending cuts ahead of budget fight
France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers who could topple his government at any time.
France plans 60 billion euro budget squeeze for next year
The French government plans to subject the budget to a 60 billion euro belt-tightening effort next year to hit new fiscal ...
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France plans eye-watering €40 billion in budget cuts for 2025
Prime Minister Michel Barnier said it would take until 2029 to get the country’s deficit in line with EU rules.
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Why France’s budget headache is back in the news
According to the Treasury, if no corrective measures are taken, the deficit should reach 6.2% in 2025, 6.7% in 2026 and 6.5% ...
France’s Prime Minister Urges a Divided Parliament to Give Him a Chance
Michel Barnier vowed to slash spending and temporarily raise some taxes, but his plan must contend with three bitterly ...
Barnier Holds Bond Market at Bay With Emergency Plan for France
Prime Minister Michel Barnier’s first policy address on Tuesday bought his new government some much-needed time to fix France ...
France Has A New Government But A Budget Crisis May Not Be Far
Following an unprecedented period where France was without a government, Michel Barnier has now announced a cabinet, which in ...
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Transavia France to launch Paris-Tbilisi flights in 2025
Transavia France, a French budget airline, is set to commence direct regular flights between Paris and Tbilisi from April 9, ...
France plans 60 bln euro budget squeeze for next year
The French government plans to subject the budget to a 60 billion euro belt-tightening effort next year to hit new fiscal ...
French Premier Plans Up to $20 Billion of Extra Taxes, Parisien Says
French Prime Minister Michel Barnier plans to announce additional taxes to raise between €15 billion and €18 billion ...