France improves on budget deficit target in 2015

14th January 2016, Comments 0 comments

France managed to reduce its budget deficit by more than forecast in 2015, Finance Minister Michel Sapin said on Thursday.

The deficit came in at 70 billion euros ($76 billion), four billion less than forecast which, Sapin told Europe 1 radio, takes it to levels last seen before the financial crisis.

"The government budget will see its deficit drop by much more than we expected. We expected a deficit of 74 billion... and what we will have is a 70 billion government deficit," he said.

© 2016 AFP

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