The French government aims to rein in its massive spending on housing allowances while softening the blow for beneficiaries with rent cuts, an official said.
Such allowances cost €19 billion (HK$177.4 billion) annually, making up the bulk of the €30 billion France spends on various housing support schemes.
“The problem is not the allowances, it’s that rents are too high and have been rising for 40 years,” the State Secretary for Housing Julien Denormandie told Le…
Source : South China Morning Post
Read more…France to trim housing allowances, reduce rents as part of state spending cuts















