French finance minister Bruno Le Maire told business reporters on Monday 27 August that France will not be able to achieve its aim of keeping the nominal public deficit at 2.3% of GDP, expecting it to rise to close to 2.6% of GDP.
Le Maire says the rise in this forecast on the French government’s initial commitments is due to a fall in the rate of growth forecast for this year to 1.7% rather than 2.0% of GDP and also by taking on the debt of SNCF Réseau.
AFP says quotes Le Maire...