France tightens budget to save 16B euros through spending cuts, ending energy caps

French government aims to save 16 billion euros in 2024 budget through spending cuts and ending energy price caps
Growth outlook for 2024 trimmed to 1.4% from 1.6% due to slowdowns in Germany, China, and high interest rates
Inflation forecast to ease from 4.9% in 2022 to 2.6% in 2024
4 billion euros more allocated for interior ministry and armed forces
Planned reduction in tax break on diesel for farmers and builders to fund switch to biofuels

reuters.com

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Posted 9/14/2023, 7:44:00 PM