2023-04-27 11:06:07
Efforts to control spending would be based on pension reform (8 billion in savings by 2027) and the implementation of a 5% reduction in spending on scheduled reviews. Yaghobzadeh Alfred/Yaghobzadeh Alfred/ABACA
France is showing its willingness to start reducing its debt to get closer to the European average.
While long months of negotiation on the new common budgetary rules are announced, France shows its will to begin its debt reduction to get closer to the European average. Paris is thus sending the Commission its stability program this week, namely its economic forecasts for the period 2023 to 2027. In this document, the government claims to aim, by 2027, for a return of the deficit below the famous 3% GDP, precisely at 2.7%.
The debt-to-GDP ratio would also decline. It would represent 108.3% of GDP in 2027, a reduction of 4 points compared to previous estimates, but still far from the objective of 60% of GDP set by Brussels. After pointing out that the new rules proposed by the Commission go in the “common sense”, Bruno Le Maire has, moreover, unsurprisingly, specified that he is “opposed to uniform automatic rules for deleveraging” Who “are contrary to the underlying principle of differentiation…
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