France faces debt drift without spending cuts, pension reform, OECD says
12 Articles
12 Articles
"To ensure debt sustainability, a significant and lasting fiscal recovery is needed." The observation is in one sentence. L'Organisation de coopération et de développement économiques... L'article "The public debt at 203% of GDP by 2050" : the OECD alerts on French public finances in a report appeared first on current values.
As the public debt continues to rise and the budget deficit grows, the OECD calls on France to recover. The second European economy must, among other things, make a "fiscal recovery" while increasing employment and productivity.
The Organization estimates that the tricolor debt could exceed 200 per cent of GDP by 2050 without concrete fiscal recovery measures.
France is the second largest economy in the euro area behind Germany, and is one of the fiscal anchors.
France faces debt drift without spending cuts, pension reform, OECD says
France's already heavy debt burden is at risk of rising steadily higher unless the government delivers deeper spending cuts and restarts stalled pension reforms, the OECD warned on Tuesday, as slowing growth adds pressure on public finances.
In its last rather dense report, the OECD has been interested in the economic situation in France, which, as we know, is experiencing too many difficulties. The report reminds us that "since 2023, growth has remained modest, about 1.4% on average", that "public debt has increased steadily over the last two decades, from 65% of GDP in 2007 to 115.5% of GDP in 2025" (which could even reach 203 % of GDP in 2050), or that "public expenditure reached…
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