Published December 10, 2015
The French government is presenting its 2016 budget, which includes 11 billion euros ($12.3 billion) in tax cuts, in an effort to loosen up an economy burdened with 10 percent unemployment.
The budget detailed Wednesday in a Cabinet meeting is based on expected economic growth of 1.5 percent next year.
The government plans 9 billion euros ($10.1 billion) in corporate tax breaks to boost hiring and investment. Income taxes will be cut by 2 billion euros ($2.2 billion).
It's the first budget under President Francois Hollande that meets the government's deficit targets. France is trying to bring the deficit within the EU limit of 3 percent of gross domestic product by 2017.
https://www.foxnews.com/world/france-presents-its-2016-budget-including-11-billion-euros-123-billion-in-tax-cuts