PARIS: French lawmakers are drafting a bill to shore-up household buying power by raising some forms of government assistance by 4 per cent, at a cost of €8 billion from July to April next year, business daily Les Echos reported on Sunday .
According to the report, the planned increases would apply to welfare benefits for families, unemployed workers and disabled people as well as pension payouts, effective in July. Housing allowances, meanwhile, could be increased by around 3.5 per cent starting in July as part of a separate bill. France’s central bank forecast this month that French inflation would average 5.6 per cent this year before falling to 3.4 per cent in 2023 and easing to just below the European Central Bank's 2 per cent target in 2024.
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