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France at the Crossroads: Can Debt Be Restored Without Sinking Into Recession? The Dramatic 2026 Budget - Economic Scenarios
18 Articles
18 Articles
The Court of Auditors' annual report on public finances put pressure on François Bayrou, who presented his guidelines for 2026 in mid-July.
On Wednesday 2 July, the Court of Auditors called for "very demanding" budgetary efforts over the next few years to correct its finances. On 26 May last, the institution had already sounded alarms at the social security deficit and pointed to the risk of a liquidity crisis by 2027. Conclusions to be taken with tweezers, according to Xavier Timbeau, economist and director of the Observatoire français des conjunctures économiques (OFCE), questione…
In its annual report on the state of public finances, the Court of Auditors puts pressure on the government to limit its public deficit, but also to carry out "permanent economic efforts" and to avoid the most painful ones in the future.
In their annual report on the state and outlook for public finances, the Sages de la rue Cambon point to a risk of upswing: debt could reach 131% of GDP by 2029.
50 years after the last balanced budget, France beats all the records... in the wrong direction. The Court of Auditors' report on the outlook for public finances,... Article 105 billion to be found in four years: for the Court of Auditors, the exit from the road is close has appeared first on current values.
Debt reduction is a long-term battle, recalls the institution this Wednesday in its annual report on the state of public finances. At least €105 billion in economy will be needed to hope to return by 2029 below the 3% deficit mark by 2020.
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