Furthermore, it targets to cut the country's tax burden by 1 percentage point of the GDP over the period.
Macron's cabinet also said working to reduce corporate tax to 25 percent from the current 33.3 percent and transform by 2019 "CICE" company tax credit to a permanent cut in payroll charges in order to improve firms' competitiveness and incite recruitment.
Speaking about security, the prime minister warned that more terrorist attacks are expected at home, adding the state of emergency which has been declared in 2017 will end on Nov. 1.
He added that defense will make up 2 percent of GDP by 2025.
Presenting the government's five-year-roadmap, Philippe also shed lights on the cabinet's social reform which he said aimed to set more fair and transparent model, in addition to a review of education and health systems.
He will present to the Senate, the upper parliament, a similar speech on the same subject on Wednesday.
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