French budget deficit seen at 3.4 percent of GDP next yearStaff Writer | December 17, 2018
France's budget deficit is likely to overshoot the European Union's limit of 3 percent of GDP next year and reach 3.4 percent, National Assembly president Richard Ferrand told Le Journal du Dimanche.
Europe Assembly president Richard Ferrand
"We take the responsibility of having a higher-than-expected deficit, probably at 3.4 percent of gross national product. But it will be a cyclical peak, not a structural trajectory," Ferrand was quoted as saying. ■