High budget deficit of France in 2010

 French Budget Department data released on the 14th, the 2010 French budget deficit to 148.8 billion euros, a new record high, but lower than the previous estimate of 149.8 billion euros.

French government budget total expenditure in 2010 reached 422.5 billion euros, slightly lower than the expected 422.7 billion euros, mainly due to some of the economic stimulus plan for the special funding is not implemented. Total estimated revenue of 273.7 billion euros, slightly higher than the expected 272.9 billion euros, mainly due to the strong recovery in consumption in France, higher than expected tax revenue, tax revenue to offset the lack of enterprise.

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money is plotting a new French budget minister Francois Pakistan Ruan expected , 2010, the French budget deficit to GDP (GDP) ratio will reach 7.7%. Relevant official data released by the end of March this year.

end of last year the French parliament adopted the 2011 Budget, the proposed 2011 target is to reduce the budget deficit 92 billion euros. To achieve this goal, the French government will take out the economic stimulus plan, a substantial reduction in public spending, cut income and other civil servants and multilateral measures.

French Economy, Finance and Employment Minister Christine Lagarde has said that cutting the fiscal deficit is the balance of the French economic conditions for sustainable development. She stressed again on the 14th, the French government will honor deficit reduction, fiscal consolidation commitments to avoid falling into Greece and Ireland, as the sovereign debt crisis.

French National Institute of Statistics and Economic data released last year by the end of March show that in 2009 the French budget deficit to 144.8 billion euros rapidly, accounting for 7.5% of GDP, up to a record high, much higher than the EU Stability and Growth Pact French budget deficit in 2008 was only 63.7 billion euros, accounting for 3.3% of GDP ratio.