Bill aims to find €60bn to plug deficit but opposition parties could demand concessions and even topple the administration
The new French government is facing its first major test in a hostile parliament as it tries to push through an austerity budget of spending cuts and tax increases on the wealthy and big companies aimed at saving €60bn (£50bn) and reining in a ballooning fiscal deficit.
The rightwing prime minister, Michel Barnier – who was appointed last month by Emmanuel Macron in an attempt to end the political paralysis following an inconclusive snap election – said France was facing a debt crisis and had to act.
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Source link : https://www.theguardian.com/world/2024/oct/11/french-government-faces-first-major-test-over-deep-budget-cuts
Author : Angelique Chrisafis in Paris and agencies
Publish date : 2024-10-11 16:06:05
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