French Public Finances at Risk? - Sciences Po Accéder directement au contenu
Article Dans Une Revue Panoeconomicus Année : 2013

French Public Finances at Risk?

Résumé

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
Origine : Fichiers éditeurs autorisés sur une archive ouverte

Dates et versions

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

Identifiants

Citer

Jérôme Creel, Paul Hubert, Francesco Saraceno. French Public Finances at Risk?. Panoeconomicus, 2013, 61 (1), pp.1 - 19. ⟨10.2298/PAN1401001C⟩. ⟨hal-03475961⟩
14 Consultations
12 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More