PARIS – French Prime, Minister Manuel Valls, on Wednesday proposed a raft of tax breaks aimed at spurring industrial investment and boosting construction of highways.
The tax breaks, which Valls said had been built into a five-year budget trajectory for cabinet’s consideration next week, would issue 2.5 billion Euros , approxiamtely 2.7 billion dollars of write-offs on industrial investments.
He said there were plans to inject public highways with 3.2 billion Euros of investments, saying he expected the work to start as soon as possible.
Report says the government is seeking to spur sluggish growth of 0.4 per cent in 2014 and bring down unemployment rate, which hovers around 10 per cent. (dpa/NAN)
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