France: Selected Issues

July 10, 2015

Preview Citation

Format: Chicago

France: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 20, 2024

Summary

This Selected Issues paper analyzes expenditure reforms in France. After decades of rising public spending and successive tax increases, the medium-term fiscal consolidation path described in the 2015 Stability Program is now fully expenditure based. However, recent efforts of nominal spending containment have not delivered the intended savings in the context of low growth and inflation. A thorough review of the efficiency of public spending could help prepare more fundamental reforms of spending programs and processes to underpin a lasting reduction in expenditures, which reached a record high of 57.2 percent of GDP in 2014.

Subject: Employment, Expenditure, Labor, Labor markets, Minimum wages, Unemployment

Keywords: Bank, Center, CR, Employment, Europe, Global, Growth ceiling, ISCR, Labor markets, Local government, Minimum wages, Pay, Product market reform, Product market regulation, Social spending, Targeted expenditure review, Unemployment

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/179
Stock No:

1FRAEA2015002
ISBN:

9781513519579
ISSN:

1934-7685

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