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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,
Barnier Plans Up to $20 Bln Extra Taxes, Parisien Says
A huge budget deficit and a divided national assembly will create more challenges for the new government to give it, to propose plans that will give the necessary fiscal consolidation to meet the rules without triggering its own demise.
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 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
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 ($16.7-$20 billion) as he looks at ways to regain control of the country’s public finances,
French PM Barnier presents budget plan to reduce debt, cut spending
French Prime Minister Michel Barnier on Tuesday laid out his new government's plans to reduce the national debt, with spending cuts and tax rises in store. Barnier's centre-right administration lacks a majority in the National Assembly,
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.
1h
on MSN
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 drive next year to hit new fiscal ...
Politico Europe
2h
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.
think
2d
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% ...
17h
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 ...
10h
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 ...
7d
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 ...
5d
France's debt weighs heavier ahead of budget debate
France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's ...
4h
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 ...
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