Consequently,
Record debt, heaviest deficit western new:
Record debt, heaviest deficit western: This article explores the topic in depth.
Consequently,
Record debt. Moreover, heaviest deficit western:
Prime Minister François Bayrou will present his plan on Tuesday, July 15, to redress public finances. Consequently, While an increase in the army budget has been promised by President Emmanuel Macron. Therefore, the government must activate other levers to save 40 billion euros.
40 billion euros. In addition, This is the amount of the equally hoped for the government to stop the slippage of public finances. Consequently, While Prime Minister François Bayrou will present this Tuesday. In addition. Therefore, July 15, the details of his budget recovery plan on Tuesday, July 15, it is a safe bet that efforts will prioritize health expenses … Moreover, For the benefit of defense. Similarly, Emmanuel Macron having promised an increase in the budget allocated to the armies of record debt, heaviest deficit western new the order of 6.5 billion euros in two years.
It must be said that the signals are red. In addition. In addition, According record debt, heaviest deficit western to the latest figures published by INSEE on June 26, public debt in the sense of Maastricht increased by 40.2 billion euros in the first quarter of 2025 and reached 3,345.4 billion euros. Consequently, It is therefore 113.9% of the gross domestic product (GDP), making France the third most indebted country in the euro zone behind Italy (135.3% in the fourth quarter of 2024) and Greece (153.6%).
The public deficit is widening at 169.6 billion euros, or 5.8% of GDP in 2024, and should remain around 6% this year. However, If. Similarly, despite everything. since the COVVI-19 health crisis has been improved since he had dangerously close to 9% in a France put under bell in 2020, he still remains too far from the record debt, heaviest deficit western new famous 3% targeted by the public authorities by 2029. Only two European countries are worse in terms of deficit: Romania and Poland.
“We have today. in fact. by record debt, heaviest deficit western far, the highest deficit in the euro zone,” severely recalled the president of the Court of Auditors Pierre Moscovici, during the public expenditure organized with public actors on July 10.
“The average is 3.2% and our obligations are 3%,” insisted the senior official who fears public debt beyond 120% in three or four years. Proof, if necessary, that France’s budgetary situation is worrying: “Our Greek friends anticipate France below in 2030.”
Record debt, heaviest deficit western new
Record debt, heaviest deficit western – Record debt, heaviest deficit western new
Drive expenses
How to explain such a drift? Also according to INSEE, in 2024, spending on public administrations increased by 3.9%, after previous increases of 3.7% in 2023 and 3.9% in 2022.
“This growth is greater record debt, heaviest deficit western new than that of 3.5 % of GDP in value in 2024 (including +1.1 % in volume and +2.3 % price)”, underlines the statistical institute.
“From 1975 to 2024, the PC public spending report increased by 11 points. Its increase was record debt, heaviest deficit western particularly strong (8 points) from 1975 to 1985. Since 1985. it has been on a more moderately growing trend (3 points)”. analyzes François Ecalle, in a note published on its site “Fipeco”, devoted to public finances and economics.
Above all. out of the 11 points of increase in public spending as a percentage of GDP for the past fifty years. “social benefits explain 8.4,” said the specialist.
“They went from 17.2 % of GDP in 1975 to 25.6 % in 2024,” he said.
The reduction of public spending thus tense political debates. In yet another report published on July 2. the Press Court of Auditors Public authorities record debt, heaviest deficit western new to make “very demanding efforts” in order to control public expenditure. In February. the wise men of rue Cambon already put -. again – on guard the government against a “freewheeling” public expenditure. “Today. the first risk is the loss of control of record debt, heaviest deficit western our public finances,” alerted Pierre Moscovici on July 10. “I don’t know how we do good public policies if we don’t have good public finances,” he added.
The French prefer to save
One of the problems identified by economists is that faced with spending, revenue is not enough.
“What characterized us was the power of consumption. And we see that the government’s policy to go into debt massively to redistribute does not encourage to consume. This money is spared. The household savings rate reaches a high level of 19%.”, Underlined Anne-Sophie Alsif, BDO France economist chef, during public expenditure on July 10.
“All countries record debt, heaviest deficit western new in the euro zone have experienced the same crises as us. COVID crisis, energy crisis, when we are the only one to identify as much deficit. The state as well as to give room for households. During the COVID. we already saw that the French preferred to save,” record debt, heaviest deficit western completed Stéphanie Villiers, economic advisor at PWC.
White year, freezing pension pensions, less paid work stoppages or less reimbursed drugs … There are many savings in the savings – although improper – to redress public finances. “The stake is that in the three. four years. all of our public spending does not increase by 60 billion Eyris but 20 billion euros per year,” said public accounts Amélie de Montchalin on July 10.
Further reading: Corsica placed in orange vigilance this Sunday, July 13 – The prestigious Henri-IV high school shaken by complaints, anonymous accusations and a record debt, heaviest deficit western new dispute of management – Certain not to hinder the passage of the Tour de France. the man sees his car being taken to the pound: “I had put it there, well against the wall” – Five European countries, including France, will test an online age verification application – Bison Futé sees black on Saturday for vacation departures, difficult circulation on Friday.
Further reading: “We didn’t understand anything”: the images of the violent thunderstorms that affected the Pyrénées-Orientales and the Aude – The man placed in psychiatric care, his police custody – Tour de France: What are the favorites for victory during the 8th stage in Laval? – Towards the establishment of a voluntary military service? France envisages it – New Zealand: ten changes in the French composition.
