France promises that the public deficit - which is currently at 5.5% - will fall below the 3% mark. The government is effectively counting on economic indicators which, according to its forecasts, should almost all turn green by 2027.
The trajectory judged harshly by the High Council of Public Finances, which denounces a 'lack of coherence' and 'credibility' of the program. The document proclaims that 'the Government's reforms would make it possible to achieve full employment' in 2027, however, this dynamic would only begin next year. The program predicts that growth will return to 1.4% next year and that it will continue its rebound in 2026 and 2027 by reaching 1.7% then 1.8%. It notes that the rate of job creation decreased in 2023 and that this slowdown should continue in 2024. It also notes that 'the anticipated end of the rise in food and energy prices – which increased the feeling of the inflationary shock –”.