PARIS (Reuters) – The French government has no plans to make households pay more taxes, Prime Minister Elisabeth Borne said on Wednesday, as ministers worked on finalising the draft 2024 budget.
French media had over the past days reported that the government was contemplating potential tax hikes to help tighten the budget.
“There is no question of increasing household taxes. We need to continue to lower taxes, while paying attention to the middle classes’ spending power,” Borne told France Bleu radio.
France is under pressure to bring finances into balance after Fitch in April cut the country’s rating to AA- over concerns about potential political paralysis and social unrest following an unpopular pension reform.
Borne also said that inflation may have already peaked in France.
(Reporting by Tassilo Hummel, Elizabeth Pineau, Sudip Kar-Gupta; Editing by Ingrid Melander)
