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Budget squeeze: Digging France out of its fiscal hole
Manage episode 443554246 series 3381592
Kandungan disediakan oleh France Médias Monde and FRANCE 24 English. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh France Médias Monde and FRANCE 24 English atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
The French government plans to subject the budget to a €60 billion belt-tightening drive next year in the hope of bringing the deficit down to 5 percent of GDP from an estimated more than 6 percent this year. Two-thirds of that sum are to come from spending cuts, and the rest from new taxes. Why does the country find itself in this fiscal hole? How will this new budget impact the country's economy? FRANCE 24's Charles Pellegrin talks to OFCE Economist François Geerolf.
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