France Risks Deficit Blowout Without Budget Before Elections
18 Articles
18 Articles
In a report published this Thursday, the General Inspectorate of Finance (IGF) warns about the consequences of a prolonged use of the special law in 2027. If it were to renew the previous budget, France would be exposed to "major risks", she says. The defence sector, the BTP, farmers or the beneficiaries of MaPrimeRenov would be affected. - Budget 2027: several sectors in danger if the special law were to be used again? (Economy).
While the equation seems impossible to solve in the middle of the campaign, a regime under special law until the autumn of 2027 would increase the deficit to at least 5.5%. "An extremely dangerous cocktail," argues the Minister of Public Accounts to "Libé".
The General Inspectorate of Finance warns about the consequences of an extended special law on the budget in France, which could last for almost a year due to the elections of 2027. This situation would risk...
France Risks Deficit Blowout Without Budget Before Elections
France’s fiscal deficit would widen by at least 0.5% of economic output if political divisions prevent the adoption of a 2027 budget before presidential elections, the state’s finance auditing body cautioned.
In the absence of a budget of 2027 and in case of recourse to the special law, which allows the renewal of the previous year's revenue, the General Inspectorate of Finance warns, in a report published on Thursday 20 August, that...
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