France is unable to reduce the public deficit

Moody’s credit rating agency considered on Wednesday that it was “unlikely” that France would achieve its goal of reducing the public deficit to 2.7 percent by 2027.

Moody’s considered that the additional savings of $10 billion in 2024 are insufficient “to return the government to the planned budget path.”

Moody’s said in a statement that the announcement of a decline in the deficit to 5.5 percent of GDP in 2023 “makes it unlikely” that the government will achieve its goal of reducing the deficit to 2.7 percent of GDP by 2027, “as stipulated in its budget plan for the year 2027.” The medium term that I presented in September.” (Sky News Arabia)