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 targets, officials said on Wednesday, outlining an unprecedented push to rein in France's spiralling deficit.
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 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.
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 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 targets aimed at reining in a spiralling deficit, officials said on Wednesday.
France targets the rich with temporary tax hikes to bring down debt
France's finance minister has promised that upcoming tax hikes required to bring the country's finances back on track will be specifically targeted at high-income groups and will be temporary. Antoine Armand's announcement on RTL radio comes a day after French Prime Minister Michel Barnier pledged to tackle "colossal" debt through a combination of spending cuts and new taxes.
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