France Unveils Bold Plan to Inject Billions: Taxing the Wealthy and Curtailing Public Spending

France Unveils Bold Plan to Inject Billions: Taxing the Wealthy and Curtailing Public Spending

Prime Minister Michel Barnier's new French government is gearing up to tackle the nation's staggering debt through a budget that includes spending cuts and tax increases on affluent businesses and households. A draft revealing these plans, aimed to comply with EU spending mandates by 2029, will be released shortly. The legislation promises to reinforce state finances by €60.6 billion, primarily fueled by expenditure cutbacks.

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