France Budget
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Economy of France manifested a sluggish growth in the penultimate quarter in the year 2006. Despite the growth being sluggish, the finance ministry in France predicted a growth in the gross domestic product or the GDP between 2 percent and 2.5 percent. With regard to France budget, it was anticipated that in the year 2007 national debt is likely to reduce. It was also predicted that there are chances that the public deficit will also decrease.
Measures adopted by the French government:
The government in France has tried to put in all efforts so that the France budget (2007) pleases the voters. To this effect, the French government has enhanced public spending. To make France budget a success, the government in France has increased the number of benefits it extends to the general public. Reduction in debt is another step taken by the French government to make France budget a success. Attracting the voters by increasing fiscal benefits is a policy adopted by the government in France. However, there are few people who feel that the forecast of the gross domestic product or the GDP is likely to be ranging between 1percent and 1.7 percent instead of 2 percent and 2.5 percent, as predicted by the finance minister.
It is being assumed that revenue from privatization is likely to reduce the burden of public debt to some extent. Records reveal that Public debt in France, in the year 2005 was 66 percent more than the gross domestic product or the GDP of the year 2005. The French government has given key importance to the reduction of public debt in the France budget of 2007. The government has hopes that public debt will further decrease in the year 2008.
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