France: “Three per cent deficit to GDP ratio in 2029”

Brussels – “France is committed to coming within the three per cent ceiling in the deficit to GDP ratio in 2029.” The path of adjustment of public accounts is outlined by Eric Lombard, Minister of Economy in Paris, at the Eurogroup proceedings.

France, the eurozone’s second-largest economy, is currently in excessive deficit procedure, which calls for a more stringent course of correction of public finance imbalances. In this effort to control expenditure, France is not alone: Italy, Belgium, Malta, Poland, Slovakia, and Hungary also have to meet parameters confirmed by the stability pact as reformed.