France: Staff Report for the 2001 Article IV Consultation
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Summary:
The buoyant economic record is attributable to a favorable external environment; supportive monetary conditions; protracted wage moderation; gradual labor market reforms; and sizable cuts in tax rates and social security contributions. The government reasserted its intention to achieve fiscal balance and substantially lower the public debt-to-gross domestic product ratio over the long term. To reach these goals, there is a need to tackle civil service, health care, and pension reform and to strengthen the framework for fiscal policy and focus it more on binding medium-term expenditure norms.
Series:
Country Report No. 2001/199
Subject:
Employment Expenditure Fiscal policy Fiscal stance Labor Labor markets
English
Publication Date:
November 5, 2001
ISBN/ISSN:
9781451813616/1934-7685
Stock No:
1FRAEA0042001
Pages:
55
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