Eric Lombard said the measure would be part of efforts to find 40 billion euros next year, mainly from savings, to bring the public deficit to 4.6 percent of GDP in 2026.
Individuls earning more than 250,000 euros ($285,000) a year and couples with a joint income of more than 500,000 euros will this year pay a minimum 20 percent income tax.
But Lombard told France’s BFMTV: “I hope that this contribution will be lasting”, adding that it had brought in two billion euros ($2.27 billion) for 2024.
A special tax on major companies that brought in eight billion euros would not be repeated, said Lombard.
It was “a question of financial resources -- two billion is a lot -- and a question of fairness. We are asking a big effort from everyone,“ said the minister, who insisted it would only be a tax on revenues.
France is “on budget alert,“ Mr. Lombard told BFMTV, blaming the country’s “cumulative deficits.”
France’s debt rose by 202.7 billion euros to 3.3 trillion euros ($3.55 trillion) last year, accounting for 113 percent of GDP, according to the official statistics agency and Lombard has acknowledged that this was a threat to France’s financial stability.
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