France: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/334, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; authority; deficit; government; General government balance; fiscal consolidation strategy; GDP growth; supervisory authorities; state participation; deficit estimate; Pension reform; Employment; Fiscal sustainability; Global (search for similar items in EconPapers)
Pages: 44
Date: 2003-10-29
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Citations: View citations in EconPapers (19)

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