French President Francois Hollande addresses a news conference at the Elysee Palace in Paris, January 14, 2014. REUTERS/Philippe Wojazer
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."
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
