## France: Staff Report for the 2001 Article IV Consultation

_IMF Staff Country Reports, November 5, 2001_

## Source details

**Canonical URL:** [France: Staff Report for the 2001 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/france-staff-report-for-the-2001-article-iv-consultation-15457)

## Other formats

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## Bibliographic details
- Published: November 5, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813616.002

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### Economic performance and drivers
- 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.
- Subject tags in the report: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor markets.
- Keywords in the report include: authorities' intention, consumer confidence, CR, deficit, Employment, Fiscal stance, Global, government, growth to a rate, higher-than-anticipated expenditure pressure, ISCR, labor market, Labor markets, outturn, stronger-than-expected consumption.

### Fiscal stance, objectives, and framework
- 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 fiscal goals, the report emphasizes the need to:
  - tackle civil service reform;
  - tackle health care reform;
  - tackle pension reform; and
  - strengthen the framework for fiscal policy and focus it more on binding medium-term expenditure norms.

### Policy recommendations and reform priorities
- Priority reform areas identified:
  - Civil service reform.
  - Health care reform.
  - Pension reform.
  - Strengthening fiscal policy framework with emphasis on binding medium-term expenditure norms.
- Underlying policy rationale:
  - Structural reforms combined with fiscal framework tightening are presented as necessary to translate favorable cyclical and monetary conditions into durable reductions in public debt and sustainable fiscal balance.

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## Content in this bundle

- **_cr01199**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/france-staff-report-for-the-2001-article-iv-consultation-15457_