Home > News > World
Sunday May 4, 2014 MYT 4:40:02 PM
Sunday May 4, 2014 MYT 4:41:09 PM
PARIS (Reuters) - French President Francois Hollande expects an economic recovery that will allow the government to lower taxes, a newspaper reported him as saying on Sunday.
"The reform effort is not over yet, but the economic recovery is arriving. This phase will lead to stronger growth, better competitiveness and a redistribution of purchasing power via lower taxes," Journal du Dimanche quoted Hollande as saying.
Hollande, elected for a five-year term in May 2012, said "we have entered the second phase of my term".
During the election campaign, Hollande pledged to focus in the early years of his mandate on restoring France's finances before working to improve households' purchasing power once a lower budget deficit was on track.
On Tuesday, parliament approved a 50 billion euro deficit reduction plan that aims to cut France's public deficit to the European Union's ceiling of 3 percent of GDP by 2015.
"What I have learned is that France matters when its accounts are in good shape," the paper quoted Hollande saying.
(Reporting by Emmanuel Jarry and Geert De Clercq; Editing by Catherine Evans)
India set to become world's most populous country by 2022 - U.N.
U.N. mediator proposes Syria working groups on issues in conflict
Greece targets tax evasion at holiday hotspots
Somalia's planned 2016 elections will not be a popular vote
Rome airport fully operational after forest fire affects flights
Buhari in Cameroon seeks closer partnership against Boko Haram
Despite complaints, group still filling up river in Klebang
Tell us your stories
Vying for views on YouTube
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)