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Image header Agence Europe
Europe Daily Bulletin No. 8533
Contents Publication in full By article 15 / 37
GENERAL NEWS / (eu) eu/stability pact/france

Notification of a 4% deficit in 2003

Brussels, 02/09/2003 (Agence Europe) - As expected, France notified on Monday evening, the services of Commissioner Pedro Solbes that this year it would have a public deficit of 4% of the GDP following 2002's deficit of 3.1%. In keeping with proceedings for excessive deficit, France has until 3 October to present the measures it plans to use for reversing this tendency. The Commission could then propose that the Council adopts more exact projections for budgetary policy before later...

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