France: Staff Report for the 2003 Article IV Consultation

October 29, 2003

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Format: Chicago

France: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

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.

Subject: Employment, Expenditure, Fiscal policy, Fiscal sustainability, Labor, Pension reform, Public debt, Social security contributions

Keywords: Authority, CR, Deficit, Deficit estimate, Employment, Fiscal consolidation strategy, Fiscal sustainability, GDP growth, General government balance, Global, Government, ISCR, Pension reform, State participation, Supervisory authorities

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/334
Stock No:

1FRAEA0012003
ISBN:

9781451813456
ISSN:

1934-7685

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