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)||93.4||94.9||95.6||96.6||97.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.33||0.46 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||5,263||-0.29 %||May 13|
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May 15, 2019
On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).
April 28, 2019
Consumer confidence stabilized in April, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which held steady from March at 96 points.
April 24, 2019
In April, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector dipped 2 points from a month earlier to land at 101 points (March: 103 points).
April 24, 2019
Industrial output expanded 0.4% from a month earlier and in seasonally-adjusted terms in February, on the heels of a revised 1.2% month-on-month expansion in January (previously reported: +1.3% month-on-month s.a.).
April 23, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) landed at the 50.0-point threshold in April, ticking up from 48.9 points in March and signaling a stabilization of private-sector activity. April’s steadying saw services-sector activity offset a fall in manufacturing output.