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Brief
Summary of the French Government's 2024 Budget
On September 27, French Minister of Finance Bruno Le Maire and Secretary-General of the Treasury Thomas Cazenave presented the 2024 budget plan, which focuses on three main priorities: the military, environmental transition, and education. The budget allocates:
u20ac4 billion for the military
u20ac40 billion for environmental transition, including u20ac7 billion of additional credits
u20ac5.5 billion for education
The budget also aims to protect French citizens from inflation, revalue social welfare benefits, and provide financial assistance to low-income individuals. Specifically, it:
Indexes the income tax bracket to prevent erosion of purchasing power (u20ac6.1 billion)
Revalues social welfare benefits, including allocation for adults with disabilities, housing aid, and unemployment assistance
Introduces a fuel assistance program for low-income workers
Provides financial support to students, including bursaries, low-cost meals, and rent guarantees
Accelerates the energy renovation of homes and buildings
Supports the development of electric vehicles and green transportation
Encourages environmental investment and reduces depreciation expenses for environmentally friendly practices
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