The French government is set to present its draft budget for 2025, with local authorities urged to contribute to improving public finances. Concerns have been raised about a projected public deficit of 6.1% of GDP, with calls for tax increases on companies like Total and significant cuts in various sectors, including education and justice. The budget will undergo parliamentary scrutiny starting October 21, with a vote expected by November 19.
The French government is proposing significant budget cuts and tax increases to address a growing public deficit, targeting wealthy households and large businesses. Key measures include a temporary tax on the wealthiest, reduced support for clean vehicle purchases, and increased penalties for CO2 emissions in the automotive sector. Additionally, pension adjustments and spending cuts across various ministries aim to save billions by 2025, amidst a politically unstable environment.
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