France's budget deficit is likely to reach 3.4 % in 2019 according to National Assembly president Richard Ferrand
He was speaking with Sunday newspaper Le Journal du Dimanche, report via Reuters
- "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"
- President Macron announced wage increases and a tax cut last week after riots
- Expected to take the deficit from what was projected to be 2.8% deficit
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Not really a surprise, more a confirmation.
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Italian politicians were heard to exhale one huge synchronised sigh of relief.
