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French budget deficit up to 92.8 billion in December

2020-02-04T16:58:49.447Z


The state budget deficit worsened by more than 16 billion euros compared to the same period in 2018.


The French state budget deficit stood at 92.837 billion euros at the end of December 2019, widening from its level of 76.002 billion euros in the same period a year earlier, according to published data. Tuesday, February 4 by the Ministry of Action and Public Accounts.

Read also: The public deficit for 2020 revised to 2.2%

In detail, spending increased by 1.9%, amounting to 397.98 billion euros against 390.69 billion last year over the same period. This increase was not offset by an increase in revenues, which fell 4.1% over the period, from 313.78 to 301.07 billion euros.

The sharp increase in the balance of the special accounts, from 0.82 to 4.07 billion euros, is explained in particular by the revenue from the privatization of La Française des Jeux. The special accounts list in particular the financial flows linked to advances granted to local authorities within the framework of the collection by the State of local taxes and the financial contributions of the State.

»See also - How France has never stopped going into debt

Source: lefigaro

All news articles on 2020-02-04

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