The rating agency Moody's said this Wednesday that it considered it
"unlikely"
that France would meet its objective of reducing the public deficit to 2.7% by 2027, despite being repeated by the Minister of the Economy Bruno Le Maire on Tuesday.
The institution notably estimated that the 10 billion additional savings in 2024 would be insufficient to
“put the government back 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.
More information to come…