The French government on Thursday unveiled its budget with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts.
France 's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros worth of tax hikes and spending cuts. France 's government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros worth of tax hikes and spending cuts.The French government will cut 2,200 jobs.
The planned increase of pensions due to inflation on Jan. 1 will be postponed by six months, saving 3.6 billion euros.France's largest companies with revenue exceeding 1 billion euros will pay an additional tax on their profits. The tax is expected to raise 8 billion euros and, if approved, would affect 440 companies.
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