France aims to save at least 50 billion euros until 2017, said today the country’s prime minister Jean Marc Ayrault. The statement was made after the first meeting of the Strategic Council for Public Expenditure at the presidential palace. This Council, establishing which announced on 14 January, President Francois Hollande will meet every month with the participation of several ministers, including the Ministers of Finance and Budget Moskovisi Pierre Bernard Kaznev. The savings of this amount constitutes a major effort but which will not destroy our social model, assured the EPO, without specifying where the cuts will occur.
The French president has committed that by 2017, he will eliminate family contributions pay today businesses to reduce labor costs, offsetting that loss with a reduction in public expenditure. In addition to reducing social spending, announced under the Pact of responsibility with the companies, the government today reiterated that the aim is to reduce the budget deficit below 3% of GDP in 2015.
The goal is to reach 4.1% in 2013, 3.6% in 2014 to less than 3% in 2105, he told reporters when asked if Moskovisi intends to negotiate with Brussels a further extension of time deficit reduction due to the new measures announced. We need to strengthen the credibility of France in the eyes of our partners, said Moskovisi the eve of publication, the firm Moody’s, the evaluation of the country.
By Nicole P.