France : Staff Report for the 2001 Article IV Consultation

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. 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 goals, there is a need to tackle civil service, health care, and pension reform and to strengthen the framework for fiscal policy and focus it more on binding medium-term expenditure norms.
Publication date: November 2001
ISBN: 9781451813616
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Taxation - General , Taxation - General , budget , article , national accounts , debt , revenues

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