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French public debt:(un)sustainable?
After two consecutive years of fiscal slippage and a public deficit that will exceed 6% in 2024, the French government announced a budget effort of €60 billion to reduce the deficit to 5% in 2025. Beyond 2025, the government aims to bring the public deficit back to 3% by 2029. In this report, we conduct several scenarios of a debt sustainability analysis (DSAs) to better understand the risks regarding a potential sharp deterioration regarding the French fiscal situation. […]