Main spending cuts and tax increases in France's 2025 budget

France's government presented connected Thursday its 2025 fund aimed astatine plugging a gaping spread successful the nationalist finances with 60 cardinal euros ($65.68 billion) worthy of taxation hikes and spending cuts.

The pursuing are the main measures:

The French authorities volition chopped 2,200 jobs. The headcount for teachers, successful particular, volition drop, on with the expected driblet successful the fig of pupils, authorities officials said.

France volition chopped its overseas assistance fund by 1.3 cardinal euros.

Subsidies for apprentices and different jobs volition beryllium chopped by 2.1 cardinal euros.

Green subsidies, successful peculiar those for insulation and the acquisition of electrical cars, volition beryllium chopped by 1.9 cardinal euros.

The planned summation of pensions owed to ostentation connected Jan. 1 volition beryllium postponed by six months, redeeming 3.6 cardinal euros.

Big companies

France's largest companies with gross exceeding 1 cardinal euros volition wage an further taxation connected their profits. The taxation is expected to rise 8 cardinal euros and, if approved, would impact 440 companies.

Wealthy individuals

Individuals earning much than 250,000 euros a twelvemonth volition spot a impermanent summation successful income tax, and a minimum taxation of 20% volition beryllium introduced for those households only, to forestall the usage of taxation loopholes, raising 2 cardinal euros per year.

Air transport

France volition rise a taxation connected airplane tickets and backstage jets.

The amount, presently being discussed with the industry, volition beryllium added successful an amendment to the fund measure during parliamentary debates.

France presently has a taxation of 2.6 euros per flight, little than successful Britain oregon Germany, authorities officials said.

Utilities

Power inferior EDF, which was nationalized previously, volition summation its dividend to the French authorities by 2 cardinal euros.

A taxation connected electricity, which had been chopped to astir zero during the vigor situation of the past 2 years, volition beryllium raised backmost to "slightly more" than what it was earlier the warfare successful Ukraine, bringing 3 cardinal euros, authorities officials said.

The taxation summation volition nevertheless effect successful a driblet of astir 9% of powerfulness bills for consumers, erstwhile taking into relationship the autumn successful wholesale powerfulness prices, the officials said.