Budget

budget: In a budget unveiled Wednesday, the government said it would cut the deficit by nearly 18 billion euros $24 billion , 14.8 billion euros of which will come from spending cuts, the rest from taxes. The bill budgets 379.9 billion euros in spending for 2014, according to Times Colonist. "Purchasing power is our preoccupation," Finance Minister Pierre Moscovici told French television on the eve of the budget unveiling, calling it a budget for growth and employment and PARIS - The French government has declared the economic crisis over and is promising its new budget will bring growth and jobs. But experts are criticizing the proposals, saying they could derail the nascent recovery. The government has promised the measures will re-energize the economy by reducing the money spent on retirement and health benefits and by offering companies a tax credit if they hire. But taxpayers are grumbling about even the modest tax increase, and economists are split on the merits of cutting spending now, when the recovery is still weak. (www.immigrantscanada.com). As reported in the news.