Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France's biggest companies and wealthiest individuals on Tuesday, saying there was no other way to narrow a gaping budget deficit.

The sword of Damocles above our heads is our colossal debts,” Barnier told the National Assembly in a speech on Tuesday that laid out his governing agenda. “If we do not act, our country will be on the edge of the precipice,

French Prime Minister Michel Barnier plans to announce additional taxes to raise between €15 billion and €18 billion ($16.7-$20 billion) as he looks at ways to regain control of the country’s public finances,

By Tassilo Hummel and Makini Brice PARIS (Reuters) -Targeted tax rises and spending cuts will be required to narrow France's gaping budget deficit, the government said on Tuesday, as French media reported Prime Minister Michel Barnier was set to outline plans to boost the tax take by billions of euros.

France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers

France's new Prime Minister Michel Barnier is reportedly considering a one-off increase in corporate tax on the country's biggest companies, as the government faces a deadline on Tuesday to present a budget for 2025,

France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers who could topple his government at any time.