CashNews.co
France’s newly appointed Finance Minister Antoine Armand on Tuesday declined to say whether the country will meet its current budget deficit projection this year. Armand stated he was working on a ‘credible’ update on the situation to be presented soon.
Last week, French paper Les Echos reported that the ministry expected the nation’s budget deficit could reach up to 6% of GDP in 2024. This figure is substantially higher than the 5.1% given in the latest official forecast.
(With inputs from agencies.)