flash on Nostr: ⚡️🚨🇫🇷 France on the brink? Debt could reach 130% of GDP! The Cour des ...
⚡️🚨🇫🇷 France on the brink? Debt could reach 130% of GDP!
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
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