CashNews.co By Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) -European Central Bank policymakers have no plan to discuss emergency purchases of French bonds and still think it is for French politicians to reassure investors spooked by the prospect of a far-right government, five sources told Reuters. French financial markets endured a brutal sell-off late last […]
CashNews.co reuters_tickers This content was published on September 3, 2024 – 13:25 By Elizabeth Pineau and Leigh Thomas PARIS (Reuters) -France could see its budget deficit spiral unexpectedly higher this year and next if extra savings are not found, the finance ministry warned in a letter to lawmakers, as the euro zone’s second-biggest economy lurches […]
CashNews.co France’s deficit could be much higher than expected if more cuts are not made, the finance ministry warned lawmakers, pointing to a shortfall in tax revenue and an increase in local spending. In an update on the budget sent to lawmakers Monday night, the finance ministry said that the public sector budget deficit could […]
CashNews.co The French Ministry of Finance at the Bercy bridge over the Seine, on 5 June 2023. The Finance Minister on Monday warned that France’s budget deficit could be even higher than expected, in the face of lower tax revenue and increased local spending. © AFP France’s deficit could be much higher than expected if […]
CashNews.co PARIS (Reuters) – France is at risk of running a substantially bigger budget deficit than planned this year if extra savings are not found due to a shortfall in tax revenue, French media reported on Monday. The finance ministry sent lawmakers an update on Monday on the budget situation that they had been demanding […]
CashNews.co The worse-than-expected figures mean Mr Macron will have to push through heavy cuts to public services or hefty tax increases in order to meet his goal of bringing the deficit below the EU’s target by 2027. Paris has already set out plans to slash spending by €20bn next year, following cuts on a similar […]
CashNews.co France could see its budget deficit growing unexpectedly higher this year and next if extra savings are not found, the Finance Ministry warned in a letter to lawmakers, as the eurozone’s second-biggest economy lurches deeper into political crisis amid an impasse over the next government. The deteriorating finances, which have also put Paris into […]
CashNews.co The gloomy warning comes as France is doing without a government and is under increased EU scrutiny, known as an excessive deficit procedure, for an overspend in 2023. France already revised its deficit target for 2024 from an initial 4.4 percent of GDP to 5.1 percent. It also missed its deficit target last year […]
CashNews.co PARIS (Sept 3): France is at risk of running a substantially bigger budget deficit than planned this year if extra savings are not found due to a shortfall in tax revenue, French media reported on Monday. The Finance Ministry sent lawmakers an update on Monday on the budget situation that they had been demanding for […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France’s outgoing finance minister Bruno Le Maire has warned of a worsening of the public finances, threatening a further increase in the budget deficit at a time when the country is stuck in political […]