France Plans €60 Billion in Spending Cuts, 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.
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 new PM 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.
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.
New French PM Barnier vows spending cuts to reduce deficit
In his inaugural address to parliament, Prime Minister Michel Barnier told lawmakers on Tuesday he wants to push for both higher taxes and spending cuts in an effort to trim France's budget deficit. 'The true sword of Damocles hanging over the head of France'.
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US issues $2 billion in EV tax rebates since Jan 1, Treasury says
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