France's Philippe Says Priority for 2018 Is Cutting Taxes
- Government holds last cabinet meeting before break Wednesday
- Philippe seeks to bring 2018 budget deficit below 3 percent
Edouard Philippe, France's prime minister, arrives for a cabinet meeting at the Elysee Palace in Paris on May 18, 2017.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
France’s 2018 budget will focus on cutting taxes to boost economic activity as the government seeks to cement its support among the business community, Prime Minister Edouard Philippe said.
Preparing for the last cabinet meeting before the summer break, Philippe told RTL Radio on Wednesday he wants to lower levies that “hurt the competitiveness of our country.” Government ministries this week received letters setting out their spending limits for 2018.