French government unveils national budget 2018

(VOVWORLD) - The French government on Wednesday unveiled its national budget plan of 2018, pledging to find 19 billion USD of savings as part of a plan to reduce the deficit to 2.6 percent of GDP in the next fiscal year.
French government unveils national budget 2018 - ảnh 1French President Emmanuel Macron (Photo: VNA)

The social security budget is set to be cut back by 6.5 billion USD. Nearly 1,600 civil service jobs will be fired, a fraction of the 120,000 public jobs President Emmanuel wants to eliminate during his five-year term. He also wants to cut the corporation tax to 25 percent by 2022 from the current 33 percent. At the same time, the budgets of several ministries are set to rise in 2018.