France’s budget foresees €60 billion in spending cuts and tax hikes for rich and big companies

francia asamblea nacional

Norbolsa | French Finance Minister Antoine Armand commented on Friday that an adjustment budget was aimed at regaining control over debt, adding that the government was closely monitoring how financial markets view the French debt situation.

Presenting its 2025 budget with plans for spending cuts and tax hikes worth €60 billion for the rich and big business to tackle a spiralling fiscal deficit, with a target of putting the deficit at 5%.

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