Street Calls of the Week
Investing.com -- French Prime Minister Sebastien Lecornu’s government plans to present a budget aimed at reducing the deficit to 4.7% by the end of 2026, according to a report by French financial newspaper La Tribune on Monday.
The budget, set to be published on Tuesday, will target cost reductions of €31 billion through a combination of spending cuts and increased revenue, the newspaper reported.
The fiscal plan includes €17 billion in spending cuts and aims to generate €14 billion from new revenue sources, according to La Tribune.
Among the key measures, the budget will reportedly include a tax provision targeting holding companies used by wealthy individuals. The plan also specifies that pensions and social benefits will not be increased in line with inflation.
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