French Budget Minister Jerome Cahuzac on Monday unveiled the need to collect additional 6 billion euros (7.98 billion U.S. dollars) in 2014 to meet the country's financial pledges.
"If we do nothing more in tax next year, there would be less tax of five to six billion euros. Financial situation of France ... unfortunately does not deprive us of six billion euros in revenue," the minister said.
"Obviously, we need to have this receipt in 2014. It simply means that ... fiscal stability imposes to find this... additional revenue," he told the local broadcaster Europe 1.
With the aim, the government planned to squeeze public spending to make the needed savings, according to the minister.
"We'll have the 6 billion euros from the pocket... of everyone ... with a rule that is always the same: the taxe's (rise) will be is the fairest possible," Cahuzac stressed.
The European Commission sees France's deficit gap to widen by 3.7 percent and growth to flatline with just 0.1 percent this year compared to the government's forecasts of 3 percent of budget gap and 0.8-percent growth. (1 euro = 1.33 U.S. dollar)