Source: Latest National Energy and Climate Plans, European Commission, NATO, Scope Ratings. Definitions: Interest: difference between 2020 and 2028 Scope Ratings forecast. Ageing: difference between 2035 and 2023 total cost of ageing expenditure based on EC 2024 Ageing Report. Defence: difference between 2023 defence expenditure and 2% target. Green: estimates based on latest National Energy and Climate Plans, assuming 1/3 public and 2/3 private investment shares.France’s Fiscal Revisions Challenges Its Fiscal-consolidation Plan
France’s recent upward revision of its fiscal deficit to 5.5% of GDP for 2023 further challenges the government’s consolidation plan, which may now, according to the Court of Auditors, require additional savings of around EUR 50bn,…
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