💨 Abstract

The French finance minister, Antoine Armand, announced a budget aiming to control a "colossal" debt on Friday. The 60 billion euros ($65.5 billion) plan includes spending cuts and tax hikes on the wealthy and big companies to address a growing fiscal deficit. The government is under pressure from financial markets and EU partners following disappointing tax revenues this year.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖