Home > News > World
Wednesday January 15, 2014 MYT 12:15:02 AM
Wednesday January 15, 2014 MYT 12:16:09 AM
PARIS (Reuters) - French President Francois Hollande said on Tuesday he would cut public spending by 50 billion euros (£41.4 billion) in 2015-17, equivalent to a 4 percent reduction in outlays by national and local authorities.
"In 2014, this year, we will save 15 billion," Hollande told a news conference. "In 2015 to 2017 we will unblock 50 billion more. This has never been done before."
The savings would be achieved by a thorough review of all public spending and making local authorities work more closely and efficiently together while preserving France's social model, he said.
(Reporting By Alexandria Sage; Editing by Paul Taylor)
Russian strike hits Syrian base of U.S.-trained rebels - monitor
Guatemala landslide toll reaches 253 dead, 374 missing
Mozambique's opposition leader released after being held by police in his home
Refugee arrivals surge in Greece with bad weather ahead - IOM
Saudi Arabia protests over Czech 'Satanic Verses' 27 years after uproar
U.S. commander says U.S. must exercise freedom of navigation in Asia-Pacific
Young artiste hurt by allegation
Ukraine keep Euro 2016 hopes alive with win in Macedonia
Resort in Lumut makes for a great weekend getaway
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)