Spending Efficiency and Reforms: France

By Iulia Ruxandra Teodoru, Ruud Vermeulen

February 28, 2023

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Format: Chicago

Iulia Ruxandra Teodoru, and Ruud Vermeulen. Spending Efficiency and Reforms: France, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

To rebuild fiscal buffers after large fiscal responses to successive shocks over 2020-22, France will need to reverse the trend spending increase observed over the last three decades through structural spending reforms. This paper identifies areas where scope for savings or efficiency gains exist based on an evaluation of the level and efficiency of public spending in France relative to European peers, using benchmarking analysis and stochastic frontier analysis to derive efficiency frontiers. Reforming social protection, health, education, and civil service, and rationalizing tax expenditures should preserve or improve outcomes while generating savings that would help meet medium-term adjustment needs.

Subject: Aging, Education, Expenditure, Health, International organization, Monetary policy, Population and demographics, Public financial management (PFM), Tax expenditures

Keywords: Aging, Efficiency, Efficiency frontier, Efficiency gain, Europe, Fiscal Consolidation, Fiscal Policy, France, Frontier analysis, Global, IMF staff calculation, Public Expenditure, Spending gap, Tax expenditures

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/014
Stock No:

SIPEA2023014
ISBN:

9798400236334
ISSN:

2958-7875

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