UPDATE 1-French public deficit lower than expected in 2022 -Les Echos

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds details) PARIS, March 27 (Reuters) - France's public sector budget deficit fell more than the government expected last year as tax income came in strong, business newspaper Les Echos reported on Monday. Without citing its sources, Les Echos said that the INSEE official statistics agency would report on Tuesday a 2022 public deficit of 4.8% of economic output or less, below the 5% the government had anticipated in its budget planning. The newspaper said INSEE would also report that the national debt had not topped 3 trillion euros ($3.08 trillion) as had been widely expected by economists. The finance ministry did not confirm the figures when contacted by Reuters. If confirmed by INSEE on Tuesday, the data would come as a welcome relief for the government as it faces waves of strikes and protests against unpopular plans to raise the retirement age by two years to 64.


($1 = 0.9275 euros) (Reporting by Leigh Thomas Editing by Mark Heinrich)

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