The French government has proposed a 2025 budget that aims to generate €20 billion in public spending cuts, alongside increased taxes on businesses and wealthy individuals.

A key feature of the budget is a controversial surtax on high incomes, initially intended as a temporary measure but now made permanent by the National Assembly.

This decision, driven by left-wing and centrist parties, is expected to raise €2 billion by 2025. However, the move has faced criticism from various political factions, with concerns about its impact on economic growth and employment.

Additionally, the budget outlines significant job cuts in public sectors, particularly in education and labor, while increasing positions in defense and justice.

The budget's ambitious goals are part of France's broader strategy to address its high deficit and debt levels, which have drawn scrutiny from European partners and financial markets.