Having secured an extra two years - an extension from 2015 to 2017 - to consolidate the French public finances, the Socialist government intends to leave its house in order when the five-year term in office of French President François Hollande comes to an end: public deficit will fall from 3.4% of GDP in 2016 to 2.85 in 2017.
“In 2017, the improved public finances dynamic will continue and the deficit will fall back below 3% of GDP, allowing France to come out of the excessive deficit...