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Has France become a deficit running country ?

Jerome Creel, Thierry Madiès () and Guy Gilbert
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Thierry Madiès: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper presents an overview of public deficits and debts in France over the three last decades with a special focus on the problem of sustainability of public finances. It identifies the causes of deficits and debt accumulation focusing on both electoral and business cycles. Finally, it deals with changes taken to improve short-term fiscal imbalances and shows that recent structural measures have been undertaken in order to enhance the transparency of the budgetary process to meet public deficit and public spending targets.

Keywords: budget deficits; public debt; electoral cycle; business cycle; budgetary process (search for similar items in EconPapers)
Date: 2008
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Published in Ferreiro J., Fontana G., Serrano F. Palgrave McMillan, pp.27, 2008

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Chapter: Has France Become a Deficit Running Country?1 (2008)
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