Barnier promises to tackle France's most pressing problems swiftly
French Prime Minister Michel Barnier on Sunday called for a "national effort" to cut the country's public-sector deficit, but ruled out across-the-board tax rises. His new government is under pressure to prepare a budget before 1 October.
A day after President Emmanuel Macron appointed a new government, Prime Minister Michel Barnier told the France 2 broadcaster that the government's financial situation was "very serious".
The situation required measures to rein in spending and raise income, he added – and high earners would have to "do their bit" to help France's finances recover.
But there would be no income-tax increases for "people with low incomes, or wage earners, or the middle-income class", he said.
"I am not going to increase the tax burden for all French people further, they already pay the highest taxes among all EU partners," he said.
Who is France's new prime minister Michel Barnier?
Barnier, who heads up a government condemned by its critics as too far to the right, promised to move fast to tackle the country's most pressing problems.
As he geared up for his first cabinet meeting on Monday afternoon, Barnier called for "the greatest possible cohesion" within the government, and for a willingness to find "compromise".
His government's most immediate and daunting task will be to put together a budget for 2025 to be submitted to lawmakers by 1 October.
France's total debt stands at 110 percent of GDP, or close to €3.2 trillion.
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