France: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2001/199, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; higher-than-anticipated expenditure pressure; deficit; outturn; growth to a rate; stronger-than-expected consumption; consumer confidence; labor market; authorities' intention; Labor markets; Employment; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 55
Date: 2001-11-05
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