French Public Finances at Risk? - Sciences Po Access content directly
Journal Articles Panoeconomicus Year : 2013

French Public Finances at Risk?

Abstract

Using descriptive evidence, this paper contributes to the debate on French public finances’ consolidation by examining the long-term sustainability of France’s fiscal position. We trace the historical trends of government’s tax receipts and expenditures. We illustrate that while the level of public expenditure in France is larger than in the Euro Area, its trend is comparable to its neighbours. French net debt is comparable to Eurozone’s while French net wealth remains positive. However, the French tax system is not progressive with only 6% of compulsory levies raised that way, and too complex. The paper then acknowledges the efficient debt management of French authorities. As a conclusion, we see no risk of future unsustainability linked to the nature or the level of current French public finances.
Fichier principal
Vignette du fichier
creel-hubert-saraceno-french-public.pdf (1.3 Mo) Télécharger le fichier
Origin : Publisher files allowed on an open archive

Dates and versions

hal-03475961 , version 1 (11-12-2021)

Identifiers

Cite

Jérôme Creel, Paul Hubert, Francesco Saraceno. French Public Finances at Risk?. Panoeconomicus, 2013, 61 (1), pp.1 - 19. ⟨10.2298/PAN1401001C⟩. ⟨hal-03475961⟩
11 View
9 Download

Altmetric

Share

Gmail Facebook X LinkedIn More