France faces Euro 7-10bn budget shortfall June 25, 2012 - 18:23 AMT PanARMENIAN.Net - France's new Socialist government will need to find between seven billion euros (£5.6 billion) and 10 billion euros (£8.1 billion) for the 2012 budget to meet its deficit-cutting goals, the country's finance minister has said, according to Belfast Telegraph. But Pierre Moscovici insisted the shortfall would not be made up by painful spending cuts. "I object to all talk of austerity," he said on i-tele television. The government will present a new budget on July 4 which is expected to include new tax measures. President Francois Hollande has promised to cut the deficit to 4.5% this year. France is a big contributor to bailouts of weaker European states. Mr Hollande, who is pushing a Europe-wide stimulus package ahead of an EU summit this week, is meeting European Central Bank chief Mario Draghi in Paris on Monday, June 25.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old  In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched.CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha.Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. |
