France’s Budget Problems ‘Very Serious,’ Prime Minister Says
WEB4 days ago · To avoid being sanctioned by Brussels, France must steadily lower its deficit to 3 percent by 2027. But French finance officials warned Wednesday that slashing spending by more than €100 billion ...
France's Barnier entrusts budget dilemma to little-known duo
WEB5 hours ago · Unknown outside of Parisian political circles, the two face huge pressure to figure out how to rein in France's budget deficit as it spirals towards 6% of GDP due to a tax shortfall and higher ...
France has narrowed its budget deficit, but how does it compare …
WEBMar 29, 2023 · French economists and public auditors alike breathed a sigh of relief as the national statistics agency INSEE on Tuesday published an annual report showing that the country’s 2022 budget deficit...
France Warned by E.U. About ‘Excessive’ Deficit - The New York Times
WEBJun 19, 2024 · France is in debt to the tune of around €3 trillion, or more than 110 percent of gross domestic product, and a deficit of €154 billion, representing 5.5 percent of economic output. The budget...
French PM says country's budgetary situation is 'very serious'
WEB4 days ago · France's public deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025, which compares with EU rules calling for a 3% ceiling on deficits.
French budget deficit overshoots target to hit 5.5% - Financial Times
WEBMar 26, 2024 · France’s budget deficit widened to 5.5 per cent last year, significantly missing the 4.9 per cent forecast in a blow to Emmanuel Macron’s credibility on managing the public finances.
France's budgetary situation is 'very serious', new PM Barnier says
WEB4 days ago · France's public-sector deficit is projected to reach around 5.6 percent of GDP this year and go over six percent in 2025, which compares with EU rules calling for a three-percent ceiling on deficits.
France overshoots deficit target and plans more spending cuts
WEBMar 6, 2024 · France’s already substantial budget deficit is much higher than planned, finance minister Bruno Le Maire has warned, a disclosure that calls into question the Macron government’s ability to...
In 2023, the public deficit reached 5.5 % of GDP, the public
WEBMar 26, 2024 · The Maastricht debt increased by €147.4 bn in 2023, to 110.6% of GDP. The general government deficit for 2023 stands at €154.0bn, accounting for 5.5% of gross domestic product (GDP), after 4.8% in 2022 and 6.6% in 2021. Revenues slowed significantly in 2023, rising by 2.0% after +7.4% in 2022.
France ready to accelerate spending cuts as it battles persistent deficits
WEBOct 16, 2023 · France’s proposed budget for 2024 will lead to a deficit of 4.4 per cent of national output — well above the EU’s 3 per cent target — even though the EU is preparing to re-impose its debt...