The French government assumes a higher level of debt in the coming year. Due to the recent concessions to the so-called yellow the West, the deficit will rise to 3.2 percent of economic output, said the Prime Minister, Édouard Philippe, the newspaper Les Echos. Thus, France would exceed the Maastricht stability border of the EU of three per cent. Had planned to be the country least a deficit of 2.8 per cent.
According to Philippe, the emergency measures, the President, Emmanuel Macron, promised the yellow West cost, about ten billion euros. As a response to week-long and violent protests Macron had promised, among other things, the minimum wage increase.
said the French government would save elsewhere, Philippe. He announced to set a limit about the tax cuts for businesses and also other Places four billion euros to save it. In this way, the country could limit the borrowing by 2019 to around ten billion euros.
According to the French government, sustained road blockades and protests impact on the economic growth of the country. The French national Bank halved its growth expectations for the current quarter, from 0.4 to 0.2 percent.
Initially, the yellow had increases in the West, against the planned tax on Fuel and Diesel to protest. In the meantime, your Protest is directed personally against the government of Macron, which is referred to by them as “President of the Rich”.
