Economics

France Shuns Austerity With Plan to Cut Debt Burden With Growth

Finance chief Le Maire plans to reduce tax load in 2022
French government sees GDP rising 6% in 2021, 4% in 2022

Bruno Le Maire
Photographer: Cyril Marcilhacy/Bloomberg

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By William Horobin

September 9, 2021 at 8:00 PM UTC

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France set out a plan to tackle its Covid-19 debt mountain by relying on investment to fuel stronger economic growth, resisting any temptation to raise taxes to repair its public finances.