quoting⚡️🚨🇫🇷 France on the brink? Debt could reach 130% of GDP!
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The Cour des Comptes is sounding the alarm: the deficit will explode to €175 billion (6% of GDP) in 2024.
Public spending is "out of control", due in particular to:
❌ Local authorities: +18 billion €
❌ Social security: +€38 billion
⚠️ France is the ONLY major European country with no prospect of returning below the 3% deficit.
On the contrary, according to projections, debt could reach 130% of GDP by 2031.
What's most worrying?
The government is banking on "optimistic" growth of 0.9% in 2025, while experts are counting on 0.7%.
🔵 The blue line = official forecasts (MTSP)
🟠 The orange line = "realistic" growth scenario
🟤 The brown line = scenario with only 50% of forecast savings
🟢 The green line = scenario combining both (low growth + fewer savings) #Nostrfr
solobalbo on Nostr: This means that their political elites will soon try to squeeze us even harder here ...
This means that their political elites will soon try to squeeze us even harder here in Francophone Africa...