France is facing a return to austerity measures as the government unveils a draft budget for 2025 to take control of public finances. The plan includes tax increases on large companies and high-income individuals, a freeze on pensions, additional social security contributions, and cuts in public spending and government jobs. Finance Minister Antoine Armand acknowledges the challenges ahead, anticipating tough negotiations in Parliament to pass the bill. Opposition parties are pushing for amendments to prioritize tax justice and state revenue, threatening the bill’s adoption. With political tensions rising, Prime Minister Michel Barnier may resort to constitutional measures to push the budget through. The fate of France’s economic recovery hangs in the balance as the government seeks to navigate a highly uncertain legislative process.
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