France to miss 2013 target to cut deficit: PM

Last Updated: Thursday, February 14, 2013 - 13:06

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.


First Published: Thursday, February 14, 2013 - 13:06
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