flash on Nostr: ā”ļøšØš«š· France on the brink? Debt could reach 130% of GDP! The Cour des ...
ā”ļøšØš«š· France on the brink? Debt could reach 130% of GDP!
The Cour des Comptes is sounding the alarm: the deficit will explode to ā¬175 billion (6% of GDP) in 2024.
Public spending is "out of control", due in particular to:
ā Local authorities: +18 billion ā¬
ā Social security: +ā¬38 billion
ā ļø 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%.
šµ The blue line = official forecasts (MTSP)
š The orange line = "realistic" growth scenario
š¤ The brown line = scenario with only 50% of forecast savings
š¢ The green line = scenario combining both (low growth + fewer savings) #Nostrfr
Published at
2025-02-20 08:08:03 UTCEvent JSON
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"content": "ā”ļøšØš«š· France on the brink? Debt could reach 130% of GDP!\n\nThe Cour des Comptes is sounding the alarm: the deficit will explode to ā¬175 billion (6% of GDP) in 2024. \n\nPublic spending is \"out of control\", due in particular to:\n\nā Local authorities: +18 billion ā¬\nā Social security: +ā¬38 billion\n\nā ļø France is the ONLY major European country with no prospect of returning below the 3% deficit. \n\nOn the contrary, according to projections, debt could reach 130% of GDP by 2031.\n\nWhat's most worrying?\n\nThe government is banking on \"optimistic\" growth of 0.9% in 2025, while experts are counting on 0.7%.\n\nšµ The blue line = official forecasts (MTSP)\nš The orange line = \"realistic\" growth scenario\nš¤ The brown line = scenario with only 50% of forecast savings\nš¢ The green line = scenario combining both (low growth + fewer savings) #Nostrfr\nhttps://m.primal.net/PDuc.jpg",
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