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Reuters reports late latest comments delivered by the French Finance Minister Bruno Le Maire in an interview with LCI Television.

Key Quotes:

Further cuts to income tax would be matched euro-for-euro by cuts in public spending.

“The president has set a principle of which I am the guarantor: each euro of decrease in income tax must be financed by a decrease of one euro in public spending.”

The tax cut would benefit 15 million households and target the middle classes in particular.

The public deficit and debt would not be allowed to spiral out of control.