French government to trim state deficit to 69.3b euros in 2017

[PARIS] France's 2017 budget foresees a deficit of 69.3 billion euros (S$105.71 billion) for the state, down from an estimated 69.9 billion euros this year, the Finance Ministry said on Wednesday.

The 2016 state deficit was revised down from the 72.3 billion euros originally forecast in the 2016 budget law, the ministry said in a presentation of next year's budget.

The state deficit is part of the broader public sector deficit, which also includes the finances of local governments and welfare bodies.

The ministry has previously said it expects an overall public deficit of 2.7 per cent of economic output next year after an estimated 3.3 per cent this year.

REUTERS