Paris, April 20 -- The French government is considering the elimination of a 10 per cent tax reduction granted to pensioners on their annual income declarations, as part of its efforts to achieve Euro 40 billion in savings under the 2026 budget plan.

Amelie de Montchalin, Minister for Public Accounts, did not rule out the measure in remarks published today in Paris, stating that "age should not be a criterion for determining one's level of tax contribution." The move forms part of broader efforts to reduce the national budget deficit, which reached 5.8 per cent of GDP in 2024.

The minister added that "social partners are discussing all topics related to pensions in ongoing consultations, including the tax privileges granted to retirees....