France set for ‘toughest budget in 30 years’

French President Francois Hollande

French President Francois Hollande’s government is due to present its first budget, and is expected to commit to a sharp reduction in the public deficit.

The budget will include measures to plug a 30bn euro (£23.8bn; $38.7bn) hole in the country’s finances.Officials have suggested roughly two-thirds of the money will be come from tax rises rather than spending cuts.French President Francois Hollande’s government is due to present its first budget, and is expected to commit to a sharp reduction in the public deficit.

The budget will include measures to plug a 30bn euro (£23.8bn; $38.7bn) hole in the country’s finances.Officials have suggested roughly two-thirds of the money will be come from tax rises rather than spending cuts.French President Francois Hollande’s government is due to present its first budget, and is expected to commit to a sharp reduction in the public deficit.

The budget will include measures to plug a 30bn euro (£23.8bn; $38.7bn) hole in the country’s finances.Officials have suggested roughly two-thirds of the money will be come from tax rises rather than spending cuts. – BBC