{
  "title": "France: Staff Report for the 2003 Article IV Consultation",
  "publication": "IMF Staff Country Reports, October 29, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/france-staff-report-for-the-2003-article-iv-consultation-16964",
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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.",
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    {
      "heading": "Summary",
      "content": "- 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.\n- The discussions focused on how to foster a durable economic recovery while tackling long-standing threats to fiscal sustainability.\n- The authorities were attentive to the possible adverse short-term effects of underlying fiscal adjustment on growth.\n- The authorities acknowledged that containing health care spending growth would be a key challenge."
    },
    {
      "heading": "Key policy issues and challenges",
      "content": "- Pace and timing of reform constrained by political economy considerations and a strong social preference for publicly provided services.\n- Need to foster a durable economic recovery while addressing long-standing threats to fiscal sustainability.\n- Short-term growth risks associated with fiscal adjustment recognized by authorities.\n- Containing health care spending growth identified as a central fiscal challenge."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Employment, Expenditure, Fiscal policy, Fiscal sustainability, Labor, Pension reform, Public debt, Social security contributions\n- 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\n\n---\n\n Content in this bundle\n\n- cr03334\n  - cr03334 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03334 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 29, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451813456.002",
    "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.",
    "Pace and timing of reform constrained by political economy considerations and a strong social preference for publicly provided services.",
    "Need to foster a durable economic recovery while addressing long-standing threats to fiscal sustainability.",
    "Short-term growth risks associated with fiscal adjustment recognized by authorities.",
    "Containing health care spending growth identified as a central fiscal 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",
    "**_cr03334**"
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