PG Game
Annual World News Day to be marked on Sept 28 to highlight importance of fact-based journalism
字号+ Author: Source:Game 2025-01-15 18:03:18 I want to comment(0)
PARIS: France now has “one of the worst” public deficits in its modern history, the finance ministe
PARIS: France now has “one of the worst” public deficits in its modern history, the finance minister said on Tuesday, confirming new taxes on the wealthy and big businesses are on the table to get finances back in order. Antoine Armand added that he would be talking to economic actors including unions and bosses’ organisations in a bid to slash government overspending. The deficit is expected to reach 5.6 per cent or more of national output this year — almost double the European Union limit. “Apart from one or two one-off crisis years in the past 50 (years), we have one of the worst deficits in our history,” Armand told broadcaster France Inter. “On that level, the situation is grave.” The new government under conservative Prime Minister Michel Barnier faces a parliamentary gauntlet in the coming months. Ministers must try to get a 2025 budget with steps to repair public finances through the National Assembly lower house, divided roughly into three after July’s inconclusive snap election. Barnier can count on support from conservatives and President Emmanuel Macron’s much-reduced camp, but the NFP left alliance and the far-right National Rally (RN) could topple the government at any time in a confidence vote if they join forces. In a Sunday interview, the prime minister brought “targeted” tax rises on “wealthy people or some large companies” into play as part of a plan to right the ship. Barnier is expected to present his draft budget early next month, an unprecedented delay from the usual Oct 1 deadline after Macron took all summer to name a new government chief.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Iran arrests 12 people for collaborating with Israel: Revolutionary Guards
2025-01-15 17:43
-
LHC for action against lane rule violators
2025-01-15 16:12
-
PM’s address becomes most viewed at UN official channel, claims govt
2025-01-15 15:46
-
India reports first case of mpox from fast-spreading clade 1b variety
2025-01-15 15:17
User Reviews
Recommended Reads
Hot Information
- Saudis cool talk of ties with Israel as Gaza conflict widens
- Aleem Dar to retire at the end of domestic season
- Iraq militant killed in Syria strike blamed on Israel
- A dangerous moment
- Trinidad and Tobago minister tells UN the Global South is appalled by Gaza onslaught
- From The Past Pages Of Dawn: 1974: Fifty Years Ago: Sporting offer
- China urges its citizens to leave Israel ‘as soon as possible’
- Death toll from Tel Aviv attack rises to 7: hospital
- France minister vows new immigration ‘rules’ after student murder
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content