France presented, on Thursday 31 October, its medium-term fiscal-structural plan, which contains macroeconomic data for five years, i.e. until 2029, but is intended to enable it to comply with the revised Stability and Growth Pact over a seven-year adjustment period, i.e. until 2031.
The French authorities are forecasting the following trajectory for net public spending: 1.4% in 2025, 0.6% in 2026, and 0.7% in 2027, 2028 and 2029. Combined with estimated growth of between 1.1% of national...