Public Debt in France
France - Public Debt
Government announces largest fiscal adjustment in 30 years
On 28 September, the government presented its budget for the year 2013, in which it aims at cutting the fiscal deficit to 3.0% of GDP in 2013 from the 4.5% of GDP shortfall expected for this year. The government plans to narrow the fiscal gap to 0.3% of GDP by 2017. According to the text, the government projects an optimistic 0.8% GDP expansion for next year (Consensus Forecast: +0.5%). The draft foresees an adjustment of over EUR 30 billion, the largest in three decades, based on tax hikes and spending cuts. Only a third of the adjustment will come from spending cuts, the remaining two thirds based on additional revenues through higher taxes. The President Hollande's Socialist government plans steep tax increases for the top 10% of earners, temporarily lifting the levy up to 75% on incomes above EUR 1 million. These measures come on top of the previous tax increases announced in July. Meanwhile, the other EUR 10 billion in spending cuts include a reduction in operating costs and slashing investment.
France - Public Debt Data
|Public Debt (% of GDP)||89.5||92.3||94.9||95.6||96.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.48||0.46 %||Dec 06|
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||5,374||-0.29 %||Dec 06|
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January 11, 2018
Industrial production contracted 0.5% in month-on-month terms in November, contrasting the 1.7% increase observed in October.
January 5, 2018
Data released by the National Statistical Institute (INSEE) on 5 January showed that consumer prices rose 0.3% from the previous month in December (November: +0.1% month-on-month).
December 21, 2017
According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey on manufacturing activity, business sentiment in the manufacturing sector edged down in December.
December 14, 2017
The IHS Markit flash composite Purchasing Managers’ Index (PMI) declined slightly from 60.3 points in November to 60.0 points in December.
December 14, 2017
According to revised data released by the National Statistical Institute (INSEE) on 14 December, consumer prices rose 0.1% from the previous month in November, matching the increase recorded in October.