Bringing French Public Debt Down: The Options for Fiscal Consolidation

Organisation for Economic Co-operation and Development2026-04-11 收录

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France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public debt may hamper long-term growth and may have a...