OUR NEWS

French government to cut taxes on businesses, households

September 24, 2018

 

The French government plans to cut taxes by 24.8 billion euros ($29.2 billion) next year in an effort to boost the economy and create more jobs.

 

Budget Minister Gerald Darmanin presented on Monday the country’s budget for 2019, based on estimated economic growth of 1.7 percent.

 

To be able to finance President Emmanuel Macron’s pro-business policies, the public deficit is expected to rise from 2.6 of GDP this year to 2.8 next year — still under the 3 percent EU limit.

 

Taxes on households will be reduced by 6 billion euros ($7 billion) and business taxes by 18.8 billion euros ($22.1 billion).

 

Official data show France’s unemployment rate has been decreasing gradually, to 8.7 percent in June from about 9 percent last year.

Please reload

Recent Posts

Please reload

SUBSCRIBE TO OUR NEWSLETTER

Keep up to date with the latest news and services from Oakmark Global Vision

WEST AFRICA'S NO.1 ECONOMIC AGENTS

REGIONAL OFFICE

INTERNATIONAL OFFICE

CONNECT WITH US

SITE MENU

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

King Court, 17 School Road
Hall Green Birmingham
United Kingdom  B28, 8JG

+234 -(0)- 929 207 02
+234 (0) 808 643 0422

+44 (0) 121 244 1814
+44 (0) 746 625 2505

© 2019 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

WEST AFRICA'S NO.1 ECONOMIC AGENTS
  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon
  • Grey LinkedIn Icon