France to miss deficit target of 2014


(MENAFN) French audit office la Cour des Comptes said that efforts of the French government to lower budget gap will fail in 2014 unless it deliver on its pledge to quicken growth by 1 percent, Xinhua reported. The national accounting office estimated the budget gap of the eurozone's second largest economy to hit 4 percent of the gross domestic product (GDP) this year, above the Socialists' target of 3.8 percent. "The government deficit could be close to 4.0 percent of GDP in 2014, even slightly higher even if the forecast growth of the government is not realized," the audit office said.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.