France's fiscal deficit last year was lower than expected but still far exceeded EU standards.

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Jin10 Data reported on March 27 that the deterioration of France's public finances last year was less severe than expected, providing a small ray of hope for a government striving to maintain confidence among businesses and households amid a turbulent political, economic, and fiscal backdrop. The French statistics agency stated on Thursday that in 2024, French government expenditure will exceed income by nearly 170 billion euros, accounting for 5.8% of GDP, resulting in a budget deficit. Previously, the government had warned that this year's deficit could exceed 6% of GDP. A slight easing of the deficit is expected in 2025, but it will still be above 5%, far exceeding the EU's 3% limit. With Europe planning to increase spending on military and infrastructure this year and in the future, it is anticipated that fiscal rules will be loosened.

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GateUser-34550c9avip
· 03-27 07:49
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