Tag Archives: France public deficit

New French deficit spending comes amid heated budget discussions between Brussels and Rome.The French President, Emmanuel Macron, has responded to the “yellow vest” protests with a dose of fiscal easing, mainly by bringing forward already planned measures. The spending package has four main building blocks: a tax exemption to incentivise employers for overtime pay; a tax break on overtime pay; a EUR100 increase in the minimum monthly wage; and  the cancellation of the 1.7% surcharge on...

Italy’s structural weakness explain higher level of concern around its deficit target. Each EU member state is currently preparing 2019 budget plans for formal submission to the European Commission (EC) before mid- October. Among them, France and Italy’s budget plans have been raising eyebrows. Why is the EC concerned about Italy’s proposed 2.4% GDP deficit target for 2019 and not France’s target of 2.8%? Is Italy being...

Italy’s structural weakness explain higher level of concern around its deficit target.Each EU member state is currently preparing 2019 budget plans for formal submission to the European Commission (EC) before mid-October. Among them, France and Italy’s budget plans have been raising eyebrows. Why is the EC concerned about Italy’s proposed 2.4% GDP deficit target for 2019 and not France’s target of 2.8%? Is Italy being treated unfairly by its European partners and by markets? Italy and France...

France’s public deficit fell to 2.6% of GDP in 2017 according to INSEE’s preliminary assessment, down from 3.4% in 2016 and below the 3% threshold for the first time since 2007. The outcome was better than the government’s estimate of a 2.9% deficit. If confirmed, France will exit the Excessive Deficit Procedure that the European Commission opened in 2009. France’s budget balance ended up about EUR10bn above the level...

The deficit declined below 3% for the first time in a decade, which should boost France’s credibility with its neighbours.France’s public deficit fell to 2.6% of GDP in 2017 according to INSEE’s preliminary assessment, down from 3.4% in 2016 and below the 3% threshold for the first time since 2007. The outcome was better than the government’s estimate of a 2.9% deficit. If confirmed, France will exit the Excessive Deficit Procedure that the European Commission opened in 2009.France’s budget...

The deficit declined below 3% for the first time in a decade, which should boost France’s credibility with its neighbours.France’s public deficit fell to 2.6% of GDP in 2017 according to INSEE’s preliminary assessment, down from 3.4% in 2016 and below the 3% threshold for the first time since 2007. The outcome was better than the government’s estimate of a 2.9% deficit. If confirmed, France will exit the Excessive Deficit Procedure that the European Commission opened in 2009.France’s budget...