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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 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,
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 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 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.
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.
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 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,
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.
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% ...
21h
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 ...
14h
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 24
6d
France's 2024 budget deficit could top 6% of GDP, minister warns
As France's newly-formed government faces pressure to finalise its spending plans for 2025, Budget Minister Laurent ...
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 ...
1d
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 ...
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