close
This ad will auto close in 10 seconds

France to miss 2013 target to cut deficit: PM

Speaking to the state-run TV channel France 3, Ayrault admitted that France's gap "will not be exactly at 3 percent", reported Xinhua.



Paris: French Prime Minister Jean-Marc Ayrault has said the government will miss the target of trimming public deficit to three percent of the national output in 2013.

Speaking to the state-run TV channel France 3, Ayrault admitted that France's gap "will not be exactly at 3 percent", reported Xinhua.

Despite the Socialists' effort to squeeze spending by 38 billion euros (USD 51 billion) to fulfill promises of deficit-cutting and growth recovery, a continued ailing economy was likely to throw a spanner into their plans to put France's finances in order, the country's audit office La Cour des Comptes said Tuesday.

IANS

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video