France is maintaining its budget deficit and growth targets for 2013 by increasing taxes on the wealthiest 10 percent of the population and big companies, Prime Minister Jean-Marc Ayrault said at a press conference in Paris.
The 2013 budget plans for a deficit equivalent to 3 percent of gross domestic product and economic growth of 0.8 percent, Ayrault said following a meeting of President Francois Hollande’s cabinet.
“It’s true we’re asking for an effort of the richest, the top 10 percent and the top 1 percent in particular,” Ayrault said. “Big companies of the CAC 40 pay less than the small companies and sometimes don’t pay at all. So we’re asking them for an effort.”
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