France’s Budget Proposal Faces Challenges Amid Retirement Pension Revaluation
France is set to increase retirees’ pensions by half of inflation starting January 2025, costing between €500 million and €800 million, according to Budget Minister Laurent Saint-Martin. This decision comes after a compromise with the opposition. As the National Assembly prepares to vote on the 2025 budget, concerns arise over the proposal’s potential rejection, which would end its examination process. Debates intensify over new taxes aimed at superprofits and dividends, with differing estimates on the budget’s financial impact highlighting a heated fiscal landscape.