Show French Budget Cut Billions of Francs PARIS June 21 UP The Jp-The The cabinet slashed deeper into the budget to today today today to- to day seeking eventually to save four or five billion francs a year Provisions for social Insurance were ordered reduced from to francs effective July 1 All ministers were instructed instruct instruct- ed to reduce their administrative expenses 20 per cent effective October October October Oc Oc- Oc- Oc tober 1 for a saving o of several hundred hundred hundred hun hun- dred million francs a year |