French social security deficit will be reduced by the tobacco and beer tax increase

The French Government announced a series of measures, including the tax increase of tobacco and beer, in order to reduce next year's deficit in the social security budget – the French Government announced on Monday.

The French Government plans to decrease the planned 13.3 billion euros deficit of the social security and pension budget to 11.4 billion euros for the next year.

In addition to the tax increase on tobacco and beer, the compulsory contributions of self-employed and wealthy retirees will also increase. Expenditure cuts expected in the pharmaceutical subsidies and on th field of and ambulance costs and laboratory tests.

(Venczel Katalin, MTI)