66900
French Deficit Could Overshoot 3% of GDP
French Deficit Could Overshoot 3% of GDP

French Deficit Could Overshoot 3% of GDP

French Deficit Could Overshoot 3% of GDP

There is a risk that France’s public deficit could overshoot the EU deficit limit of 3% again in 2017, Prime Minister Edouard Philippe said on Tuesday, Reuters reported. Earlier in June, France’s central bank said that the public finances were on course for a deficit of 3.1% of economic output this year, higher than the 2.8% predicted by the previous government. That would mean France would miss the 3% EU deficit limit. Former president Francois Hollande had promised it would be respected this year for the first time in a decade. The government of new President Emmanuel Macron has said it would take corrective measures if needed. The national audit office is due to review official estimates in July. France’s central state budget deficit—which doesn’t include the accounts of local authorities and social security—was €57.9 billion ($63.2 billion) at the end of April, the budget ministry said. It stood at €56.5 billion at the end of April 2016.

 

Short URL : https://goo.gl/6tKAdj
  1. https://goo.gl/SQiCW2
  • https://goo.gl/Dj5Bsy
  • https://goo.gl/jiAqBb
  • https://goo.gl/McSfsd
  • https://goo.gl/JLUhvg

You can also read ...

Philippines Rating Upgraded
Fitch Ratings on Monday upgraded Philippines’ credit rating to...
Beijing’s growing determination to curb debt-financed growth has already triggered a sharp sell-off in China’s government bond market and is fuelling concerns that the economy will slow, thus crimping global demand for commodities.
Inflows into emerging market bond and equity funds have been...
UNDP Says BRI Can Create Sustainable Growth
The Belt and Road Initiative has tremendous potential for...
Cboe tweeted that nearly 1,000 contract trades had been placed after two hours of initial trading.
Bitcoin has landed on Wall Street with a bang. Futures on the...
Hackers Hit Major ATM Network
A previously undetected group of Russian-language hackers...
Will Cryptocurrencies Replace Dollar in Oil Trade?
The gradual acceptance of digital currencies, with major...
Base metals remain vulnerable to market factors.
The market for base metals is projected to grow at a robust...
Diverse Views Fuel Bleak Prospects for WTO Meeting
The World Trade Organization’s Buenos Aires meeting commenced...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus