French deficit below 3.0 pct in 2005: Raffarin

17th September 2004, Comments 0 comments

PARIS, Sept 16 (AFP) - Prime Minister Jean-Pierre Raffarin said that France's budget deficit would be reined in next year to below three percent of output, in an interview with the French newspaper Le Figaro to be published Friday.

PARIS, Sept 16 (AFP) - Prime Minister Jean-Pierre Raffarin said that France's budget deficit would be reined in next year to below three percent of output, in an interview with the French newspaper Le Figaro to be published Friday.  

Rafarrin said that the budget deficit in 2005 would be reduced by "about EUR 10 billion" (USD 12.2 billion) next year, he was quoted as saying in the interview obtained by AFP late Thursday.  

The European Union's Stability and Growth Pact, which underpins the euro, sets a public deficit ceiling of three percent of output. The public account is comprised of the national, regional and social welfare accounts.

 

© AFP

 

Subject: French News

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