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 ...

Outlook for Global Economy, Equity Markets Brighter
Ebrahim Rahbari remains positive on the global economy and...
Singapore Exports See Surprise Drop
Exports from Singapore last month stumbled after four months...
Brazil August Growth Lowest in Five months
Economic activity in Brazil contracted in August at the...
OECD: Youth Likely to Face Higher Inequality in Old Age
Younger generations have been experiencing more unstable labor...
UN Expert Says: IMF, WB Looking More Like Failed Institutions
The lending policies of the International Monetary Fund are...
S. Korea Money Supply Up 9.1%
The money supply in South Korea jumped 9.1% in August from a...
Low ECB Rates an Opportunity to Reform
Easy monetary policy gives eurozone governments a window of...
Czech Economy Needs Higher Rates
The Czech koruna’s slow appreciation is paving the way for...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.