France's Macron looks to match tax cuts with spending cuts


  • World
  • Friday, 26 Apr 2019

FILE PHOTO: French President Emmanuel Macron reacts as he speaks during a news conference to unveil his policy response to the yellow vests protest, at the Elysee Palace in Paris, France, April 25, 2019. REUTERS/Philippe Wojazer

PARIS (Reuters) - French President Emmanuel Macron has ordered that further cuts to income tax must be matched euro-for-euro by cuts in public spending to keep the budget deficit from spiralling out of control, his finance minister said on Friday.

In his response to months of anti-government protests, Macron said late on Thursday that he would cut income tax further by 5 billion euros (£4.3 billion).

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