The Limited Times

Now you can see non-English news...

Deficit: a carelessness that causes damage

2024-03-26T19:34:23.490Z

Highlights: All the candidates promise it but, having become presidents, all give up trying to free the country from its dependence. Jacques Chirac signed a “pact’ in 1997 with his euro zone counterparts forcing France to rebalance its accounts between 2004 and 2005. Ultimately, this that year, a ‘hole’ of 2.7% of GDP will remain. François Hollande arrives at the Élysée committing to a zero balance at the end of his five-year term, it will still be 2.5%. Emmanuel Macron is aiming for 1%, he will finish at 4.8% and only aims for 3% for the second.


Objectives never achieved, always postponed: the question of reducing deficits contributes to discrediting political speech.


The deficits?

" Tomorrow, I will stop !

» All the candidates promise it but, having become presidents, all give up trying to free the country from its dependence.

Head of State, Jacques Chirac signed a “pact” in 1997 with his euro zone counterparts forcing France to rebalance its accounts between 2004 and 2005. Re-elected in the meantime, he postponed the deadline to 2007. Ultimately, this that year, a “hole” of 2.7% of GDP will remain.

Nicolas Sarkozy then sets the target of 1.2% deficit in 2012, he will reach 4.8%.

François Hollande arrives at the Élysée committing to a zero balance at the end of his five-year term, it will still be 2.5%.

Emmanuel Macron is aiming for 1% at the end of his first mandate, he will finish at 4.8% and only aims for 3% for the second.

Subscribe

Already subscribed?

To log in

Source: leparis

All business articles on 2024-03-26

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.