FILE PHOTO: French President Emmanuel Macron delivers his speech at the Daming Palace in Xian, Shaanxi province, China, January 8, 2018. REUTERS/Charles Platiau/File Photo
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Emmanuel Macron's finance minister said Friday there would be no new taxes during the president's five-year mandate, which runs until 2022 .Bruno Le Maire said a sizeable housing tax Macron is steadily reducing will be totally scrapped once a way has been found to ensure local authorities are compensated for the expected revenue loss of around 20 billion euros.France's central bank is predicting that GDP, which grew by around 1.8 percent last year, the strongest since 2011, will continue to expand at a roughly similar rate over the coming three years.
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