France: Spending Cuts and Tax Hikes To Plug Budget Deficit Amid Tougher Line on Migration

France's new Prime Minister Michel Barnier outlined his government's main objectives and policy priorities, indicating that the 2025 budget will include a combination of tax hikes and spending cuts to reduce the country's deficit, with updated targets aiming for a 5% deficit by 2025 and 3% by 2029 (instead of 2027 as the previous government planned), Le Monde reported on Oct. 1....