Moody's considers it "unlikely" that France will meet its objective of lowering the public deficit to 2.7% by 2027. This declaration comes the day after the publication of France's public deficit figure for 2023, which skidded last year to 5.5% of GDP.
The rating agency notably estimated that the 10 billion additional savings in 2024 would be insufficient to “put the government back on the planned budgetary trajectory” More information to come.