Business & Finance
France Unveils New Cuts as Weaker Growth Imperils Deficit Goal
Key Points
Tax & Spend France Unveils New Cuts as Weaker Growth Imperils Deficit Goal France said it would make €3 billion ($3.4 billion) of additional budget cuts this year as it struggles to keep on track with narrowing the budget shortfall after weaker economic activity threatened its plans. Finance Minister Roland Lescure said the economy will grow only 0.7% this year, rather than the 0.9% the government previously expected.
Tax & Spend
France Unveils New Cuts as Weaker Growth Imperils Deficit Goal
France said it would make €3 billion ($3.4 billion) of additional budget cuts this year as it struggles to keep on track with narrowing the budget shortfall after weaker economic activity threatened its plans.
Finance Minister Roland Lescure said the economy will grow only 0.7% this year, rather than the 0.9% the government previously expected.
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