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In 2014, the budget deficit stood at 4.0 percent of the economic output Tremaine Edmunds Jersey , narrowed by four percentage points from a previous estimate following efforts to cut public spending of local authorities and social security, new data released by Insee, the country's statistics office showed.
"The recovery of public accounts will continue in 2015, in accordance with the government's priorities by monitoring public spending," the French minister said.
In a communique posted on the ministry website Josh Allen Jersey , Sapin noted the Insee figures "pave the way for a revision of the 2015 public deficit to about 3.8 percent of GDP (gross domestic product)."
"The government is fully confident that it can bring its public deficit below 3.0 percent in 2017, wh.