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French government's draft budget relies on tax hikes to take back control over public finances

French government's draft budget relies on tax hikes to take back control over public finances
Photo: Le Monde in English · view original

PM Sébastien Lecornu's bill aims to slightly reduce the public deficit after it overshot in 2026. Amid soaring interest rates and sluggish growth, it is an ambitious goal. Given the lack of a majority in the Assemblée, there is no guarantee the bill will be adopted.

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