IMF Staff Country Reports

France: Staff Report for the 2003 Article IV Consultation

October 29, 2003

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Format: Chicago

International Monetary Fund. "France: Staff Report for the 2003 Article IV Consultation", IMF Staff Country Reports 2003, 334 (2003), accessed June 20, 2025, https://doi.org/10.5089/9781451813456.002

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Summary

Over the past several years, implementation of IMF recommendations has been lacking not so much in intention as in pace and timing owing to political economy considerations and a strong social preference for publicly provided services. The discussions focused on how to foster a durable economic recovery while tackling long-standing threats to fiscal sustainability. The authorities were attentive to the possible adverse short-term effects of underlying fiscal adjustment on growth. The authorities acknowledged that containing health care spending growth would be a key challenge.

Subject: Employment, Expenditure, Fiscal policy, Fiscal sustainability, Labor, Pension reform, Public debt, Social security contributions

Keywords: Authority, CR, Deficit, Deficit estimate, Employment, Fiscal consolidation strategy, Fiscal sustainability, GDP growth, General government balance, Global, Government, ISCR, Pension reform, State participation, Supervisory authorities

Publication Details

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