French PM Attal Unveils Deficit Cuts and Labor Shake-Up, Mulls Tax on Wealthy

March 27, 2024
French PM Attal Unveils Deficit Cuts and Labor Shake-Up, Mulls Tax on Wealthy
  • French Prime Minister Gabriel Attal outlined a plan to reduce the public deficit, targeting a cut below 3% by 2027.

  • The government proposes to slash public spending by 10 billion euros this year and 20 billion euros next year.

  • Attal introduced a new proposal for a four-day workweek and is asserting his independence from President Macron.

  • Tax reforms may include levies on superprofits and higher taxes on the wealthy and highly profitable companies.

  • Labor and unemployment insurance systems are set to undergo reforms, with a focus on promoting higher wages and reducing workplace accidents.

  • Trade unions are expressing concern over the government's potential shift in tax policy.

Summary based on 17 sources


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