France’s Budget Problems ‘Very Serious,’ Prime Minister Says
WEBSep 18, 2024 · France’s new prime minister said Wednesday that the country’s finances were in critical condition, as signs mounted that the government faced an uphill battle to control a ballooning debt and...
France ready to accelerate spending cuts as it battles persistent …
WEBOct 16, 2023 · France’s proposed budget for 2024 will lead to a deficit of 4.4 per cent of national output — well above the EU’s 3 per cent target — even though the EU is preparing to re-impose its debt and...
France Warned by E.U. About ‘Excessive’ Deficit - The New York Times
WEBJun 19, 2024 · France is in debt to the tune of around €3 trillion, or more than 110 percent of gross domestic product, and a deficit of €154 billion, representing 5.5 percent of economic output. The budget...
French budget deficit could come in above 6% this year, minister …
WEB5 days ago · France's budget deficit risks overshooting 6% of economic output this year, the country's new budget minister, Laurent Saint-Martin, told lawmakers in the National Assembly on Wednesday.
France revises up 2024 deficit target, announces more spending …
WEBPARIS, April 10 (Reuters) - France, the euro zone's second-biggest economy, will overshoot its budget deficit target for a second straight year in 2024 and plans to seek a further 10 billion...
France facing 'one of worst deficits' in its history: minister
WEB6 days ago · France now has "one of the worst" public deficits in its modern history, the newly-installed finance minister said Tuesday, confirming new taxes on the wealthy and big businesses are on the...
France says needs 25 bn euros budget cuts to keep deficit promise
WEBJul 11, 2024 · France's deficit last year, at 5.5 percent of GDP, was worse than forecast because of weaker tax receipts. Like all eurozone members, France is supposed to keep its deficit to below three...
French budget deficit overshoots target to hit 5.5% - Financial Times
WEBMar 26, 2024 · France’s budget deficit widened to 5.5 per cent last year, significantly missing the 4.9 per cent forecast in a blow to Emmanuel Macron’s credibility on managing the public finances.
Brussels to chide France over deficit as spending clash looms
WEBThe European Commission is preparing to open a so-called excessive deficit procedure against France on Wednesday for breaching the EU’s borrowing limit of an annual 3 per cent of GDP, a move ...
French finance ministry's deficit warning adds to Macron's …
WEBSep 2, 2024 · France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry warned in a letter to lawmakers, as the euro zone's...