France's Hollande says recovery will lead to lower taxes: Paper
Published on May 4, 2014 4:15 PM
PARIS (REUTERS) - French President Francois Hollande told a Sunday paper he expects an economic recovery which will allow the government to lower taxes.
"The reform effort is not over yet, but the economic recovery is arriving. This phase will lead to stronger growth, better competitiveness and a redistribution of purchasing power via lower taxes," Mr Hollande was quoted as saying by the Journal du Dimanche.
Mr Hollande, elected for a five-year term in May 2012, said “we have entered the second phase of my term”.
During the election campaign, Mr Hollande pledged to focus in the early years of his mandate on restoring France’s finances before working to improve households’ purchasing power once a lower budget deficit was on track.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!