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"Public finances, unemployment: government satisfaction is painful"

2021-09-01T16:54:16.730Z


TRIBUNE - The examination of public accounts and unemployment figures leads to refute the satisfecit that the government delivers to itself, argues Agnès Verdier-Molinié, director general of iFrap.


If we are to believe the executive, all is well on the economic front.

Growth at 6%, unemployment at 8%, company bankruptcies at their lowest, the good news is raining.

And the government is showing its satisfaction - in a way that is inappropriate.

Let us judge.

France has the highest public spending in Europe: it represents more than 62% of GDP this year (or 1,430 billion euros), against 54% on average in the member countries of the euro area.

Never seen.

France increased its public spending by 6.7 points of GDP between 2019 and 2020 while Germany only increased it by 5.9 points to reach just above 50% of public spending relative to GDP.

The same is true in the Netherlands.

Read also

Economic recovery: why the return of confidence will be essential

Taxes and duties in our country?

They remain gigantic.

Compulsory deductions represent 53% of GDP in France when the average is 46.8% in the euro zone.

The unemployment rate at 8%?

He shouldn't be bragging about, because that number is

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Source: lefigaro

All news articles on 2021-09-01

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