Europe 1 with AFP / Photo credits: JOEL SAGET / AFP 1:53 p.m., March 27, 2024
It is "unlikely" that France will meet its objective of reducing the public deficit to 2.7% by 2027, the rating agency Moody's said on Wednesday. She also estimates that the 10 billion euros in additional savings in 2024 are insufficient to “put the government back on the planned budgetary trajectory”.
The rating agency Moody's judged on Wednesday "unlikely" that France will meet its objective of reducing the public deficit to 2.7% by 2027, further estimating the 10 billion additional savings in 2024 insufficient to "restore the government on the planned budgetary trajectory. The announcement of a slippage in the deficit to 5.5% of GDP (gross domestic product) in 2023 "makes it improbable" that the government will meet its objective of reducing the deficit to 2.7% of GDP by 2027 , "as provided for in its medium-term budgetary plan presented in September", writes Moody's in a press release, specifying that this is not a rating opinion strictly speaking.
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