France is in a state of fiscal derailment, according to the French Court of Auditors, which today released its annual report on the situation and prospects of the country’s public finances. Its chairman, former Minister and Commissioner, Pierre Moscovici, called on the government to urgently take measures, noting that by the end of 2029 the country would have to save 105 billion euros. According to the report, the amounts for France’s public debt service have doubled between 2020 and 2024 and if that situation continues they will exceed the amounts spent by France annually on education or defense. Also, according to the report, the French fiscal deficit is today the largest in Europe, and in order for France to enter a budgetary consolidation orbit it will have to have a primary surplus of 1.1% of GDP in the coming years in the coming years. her. Asked by reporters if France will be lucky […]
Source: News Beast
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