France Set to Unveil Plan to Narrow Budget Deficit
· World · Bloomberg, France 24
The French government is preparing to unveil a fiscal consolidation package aimed at curbing runaway spending and narrowing its budget deficit. Ministers will present details of a 54 billion euro, equivalent to $61.2 billion, austerity and spending-cut effort. The policy aims to pare the fiscal shortfall down to 5% of economic output in 2027, compared with 5.4% this year. The measures follow mounting pressure from European Union fiscal rules and domestic financial markets.
Why it matters
France's fiscal measures carry direct implications for the Eurozone economy and investor confidence in European sovereign debt.
Read the original report — Bloomberg
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.