France: Staff Report for the 2000 Article IV Consultation

IMF Staff Country Reports, November 13, 2000

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France's recent economic performance has been distinctly positive, supported by policy reforms over a number of years and a favorable monetary and external environment.
The fiscal deficit has narrowed significantly in recent years.
There has been notable progress in privatization, but less progress in opening up key network sectors.

Improving long-term economic performance depends crucially on significant reductions in France's high tax burden.
Effective expenditure control over the medium term will depend on reforms of the civil service and of the major transfer programs, notably pensions.

Reduce the high tax burden to support long-term growth.
Reform the civil service to improve expenditure control.
Reform major transfer programs, notably pensions, to ensure medium-term fiscal sustainability.
Continue privatization efforts and accelerate opening up of key network sectors.

Subject: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets
Keywords: consensus growth forecast, consumer price, CR, deficit, Employment, Europe, exchange rate, Fiscal stance, Global, government, growth projection, headline consumer price inflation, inflation, ISCR, Labor markets, oil price rise, oil prices average
Pages: 50
Volume: 2000
Issue: 147
Series: Country Report No. 2000/147
Stock No: 1FRAEA0012000
ISBN: 9781451813425
ISSN: 1934-7685
DOI: https://doi.org/10.5089/9781451813425.002
Publication date: November 13, 2000

International Monetary Fund. "France: Staff Report for the 2000 Article IV Consultation", IMF Staff Country Reports 2000, 147 (2000).