2023-05-28 08:32:22
The Prime Minister told the rating agency about the government’s efforts to reduce the deficit.
The government pushed for its reforms and hadvery close discussionswith the financial agency Standard and Poor’s, before its expected rating of the French debt in early June, indicated Elisabeth Borne in an interview broadcast on Sunday by Radio J. These exchanges took place with the Minister of Finance Bruno Le Maire, specified the Prime Minister, who was questioned about the risk of a deterioration of the country’s credit rating, after that inflicted at the end of April by the Fitch agency.
«I think that we are carrying out reforms, we recently presented a trajectory of our finances until 2027 in which we want, as the President of the Republic had undertaken to do, to reduce our deficit to 2.7% (of GDP ) in 2027“, she argued. “We also have the commitment in this trajectory to lower our debt, and this is what the Minister of the Economy had the opportunity to explain to Standard and Poor’s“, continued the head of government.
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The major rating agencies regularly assess the ability of states to repay their debt. At the end of April, the Fitch agency lowered France’s rating, citing the strong social tensions at work around the pension reform.
Asked about a possible risk of recession in France, the Prime Minister estimated that the government “act so that this is not the case». «We are not simply spectators wondering what the situation will be“, did she say.
«We act to support our businesses, economic growth, to support activity, and to be able to have growth, including in the service of ecological transition and growth in the service of our social model.Borne continued.
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