French government unveils unprecedented public spending cuts and tax hikes for 2025
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Euronews.com
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The French government has presented its draft budget plan for 2025, aiming to reduce the deficit to 3% of GDP by implementing €60bn in cuts, primarily affecting education and public spending. Prime Minister Michel Barnier's administration faces pressure to balance the budget amid a projected deficit exceeding 6%. Key measures include significant job cuts, tax hikes for the wealthy, and increased taxes on the aviation sector. The plan has been criticized as overly optimistic by the High Council for Public Finances. Teljes cikk (Euronews.com)