US EditionFrance's Public Deficit: Court of Auditors Considers "Critical" to Reach 5% of Gdp in 2026
7 Articles
7 Articles
Public spending is not going through the crisis. Whether the state finances are in the green or the red, the only compass of successive governments seems to be spending more and more. This is, in essence, the conclusion of the first report of the year that the Court of Auditors devotes to public finances.In fact, the only positive point that Cambon Street seems to be raising is the lack of slippage of the deficit in 2025. "It is a remarkable ele…
Insuring that it "will find ways to preserve its independence" a few days after the appointment of the former macro-minister, the institution alerted France to its deficit and debt, while welcoming "an inflection" after two years of "slipping" public accounts.
The Court of Auditors warns about the risks of non-compliance with deficit reduction targets, warning against market mistrust The Court of Auditors held on Thursday that the
The government deficit is expected to reach 5.4% of GDP in 2025, or EUR 161 billion. The effort to return to below 3% is estimated at EUR 80 billion.
In fact, France will not meet its European commitment to reduce its public deficit from 5% to 3% by 2029. As a result, the debt burden will rise at the same time as public impotence and diplomatic isolation.
Despite a slight improvement expected from 2025, the deficit reduction remains considered too slow, largely based on tax increases and allowing debt to continue to grow.
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