💨 Abstract

France's government is set to announce a budget on Thursday with 60 billion euros worth of tax hikes and spending cuts to address a growing fiscal deficit. The budget, which includes a levy on electricity consumption, targets big companies and high-income earners, but also impacts the middle class. The budget is expected to reduce the deficit to 5% of GDP next year from 6.1%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖