LeadStory
CNBC

France must reduce spending to cut the deficit, says economist

CNBC · New
CNBC
CNBC
New

Hippolyte d'Albis, the co-president of the Circle of Economists, discusses France's budget deficit.

BreakdownGenerated by LeadStory AI
  • France's budget deficit is about 6% of GDP, with high borrowing costs.
  • Planned defense spending increases could widen the deficit to 9% of GDP. 25s
  • The government aims to reduce the deficit to 4.6% next year, requiring further cuts. 51s
  • Political fragmentation makes consensus on spending cuts difficult. 1m 6s
  • Temporary measures like freezing social benefit increases may help short-term but are not structural solutions. 1m 32s
Economy