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budget deficits

budget deficits latest

budget deficits
October 3rd, 2023 - 09:20 GMT

France faces 50 consecutive years of budget deficits leading to mounting debt

ALBAWABA - The French newspaper "Le Monde" reports that for the 50th consecutive year, the French government is set to present a budget marked by deficits, highlighting the country's inability to control its spending in line with its revenue for half a century. This has resulted in a "mountain" of debt exceeding €3,000 billion. The newspaper notes that it will take France 50 years to reduce its debt level to ...
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