France is expected in 2017 and 2018, the GDP growth of 1.7%

The French treasury with 2017/2018 budget forecasts, 27 Sept

  • the financing needs of the treasury to increase to EUR 203.3 billion in 2018
  • 2017 bond issuance plan unch to EUR 185bln, will be held at 195bln in 2018
  • 173.6 billion in bonds issued to date in 2017
  • the public debt to remain at 96.8% of GDP in 2017 and 2018, before reaching a peak of 97.1% in 2019
  • the deficit below the EU limit of 3% of output this year with a deficit of 2.9% in 2017, before settling at 2.6% in 2018

This from the end of min The Mayor:

  • to convince the EU that the efforts of the structural deficit are reasonable in light of budget cuts and economic reforms
  • taxes to be cut by EUR 10bln in 2018 EUR 6bln for households and 4bln for the body
  • France must seize the opportunity offered by the firm, the expected growth this year and next year to 6 years 1.7% to bring its public deficit in line with EU rules for the first time since 2007

Budget min Darmanin:

  • confirms spending cuts in 2018 EUR 16bln vs 20bln originally flagged by the government

France apparently confident of reaching the EU’s credibility with the 2018 budget, the first in the regime of Macron

The Mayor — France must seize the opportunity of the growth expected this year and next year

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