Arab Today, arab today france will stick to spending plans
Last Updated : GMT 04:59:35
Arab Today, arab today
Arab Today, arab today

France will stick to spending plans

Arab Today, arab today

Arab Today, arab today France will stick to spending plans

Brussels - AFP

France will stick to its current spending plans, President Francois Hollande said early Friday, despite a warning from the government\'s budget watchdog that the deficit might breach a revised limit recently agreed with the EU. \"What France must do in 2013 is to maintain its public spending,\" Hollande told reporters at the end of the first day of a two-day EU summit in Brussels. Paris\'s goal was to bring the public deficit down to 3.7 percent of gross domestic product (GDP) at the end of the year, the government leader insisted. It would be \"premature\" to draw up an evaluation of the 2013 deficit, he argued, \"as everything will depend on tax revenues in the second half of the year\". But he conceded that \"if growth remains as weak as this, which is to say, if we were in a shallow recession... the concern would be that revenues would be lower than anticipated.\" On Thursday, spending watchdog the Cour des Comptes said that if the French economy failed to grow by the 0.1 percent forecast by the government, then the public deficit could be as high as 4.1 percent of GDP in 2013. That would put it well above agreed limits. The European Commission and the IMF have both said France will not manage 0.1 growth.. The Cour des Comptes \"has done its work (and) confirms that the deficit ratio will be between 3.9 percent and 4.1 percent, depending on growth,\" Hollande said. He renewed his call to \"do everything to ensure the economy will grow in the second half\". He underlined the government\'s commitment to get spending under control, but said the state spending in 2013 would be exactly equal to levels seen in 2012. In 2014 however, spending would drop by 1.5 billion euros.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france will stick to spending plans Arab Today, arab today france will stick to spending plans

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france will stick to spending plans Arab Today, arab today france will stick to spending plans

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday