French Deficit Widens, PM Lecornu Delays Hopes to Reach 5% of GDP in 2027
6 Articles
6 Articles
By 2026, "we are aiming for a public deficit of less than 5.5%. We are doing everything to be 5.4%" of gross domestic product (GDP), after 5.1% last year, stressed Roland Lescure in an interview given to the AFP on Thursday evening. The government was previously aiming at 5% deficit this year, but warned a week ago that this target would not finally be achieved. By 2027, the government "announces a very important effort: 54 billion efforts on sp…
The Minister of Economy, Roland Lescure, described the government deficit target of 5% in 2027 as "ambitious" but "realizable." He ensured that efforts would be made by all to achieve this target, while preserving the engines of growth.
After the announcements by Sébastien Lecornu at Figaro, the Minister of Economy believes that this effort "is ambitious, but of course it is achievable." "We will all have to make efforts," he adds.
French deficit widens, PM Lecornu delays hopes to reach 5% of GDP in 2027
France's deficit is expected to rise to 5.4% of GDP in 2026, far from the 5% target, the government acknowledged on Thursday. After this setback, the prime minister hopes to regain control of public finances in 2027, but economists remain skeptical.
In an interview with the Figaro, the French Prime Minister revealed on Thursday, 17 September, the contours of the government's finance bill. The aim is to reduce the deficit to 5% of GDP, thanks in particular to cuts that could lead to an arm's length in Parliament, observes the international press.
Roland Lescure defends a budget that relies on 54 billion euros of savings to reduce the public deficit to 5% in 2027. A course deemed ambitious but... Read article Target 5% deficit in 2027, the government relies on 54 billion savings appeared first on Le Singulier.
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