President Francois Hollande is considering new tax cuts for 2017, says the daily Les Echos in its Monday edition, without elaborating on the terms. The newspaper said the head of state is “determined” to implement this measure and arbitration should take place in July, according to the level of second quarter growth.
France recorded the first quarter growth above expectations at 0.5%, suggesting a year of presidential economic upturn after the publication of good unemployment figures. In mid-April, the president said he would decide “at the end of the year” to represent or not for a second term in 2017. Reduced to 3.5% of GDP in 2015 (7% in 2010 ), the deficit should drop below 3% in 2017, according to the government.
No comments:
Post a Comment