France prepared to step up spending cuts: finance minister

PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday that he prepared to step up public spending cuts to finance faster tax cuts if people voiced a desire for lower tax in a nationwide debate underway.

“Should we go further on tax cuts? The grand debate will offer an answer to this fundamental question, which involves real choices as a society,” Le Maire said.

“I for one am ready to reduce public spending on things people do not consider a priority in order to step up tax cuts,” Le Maire added, speaking in a business address to business leaders.

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