16.6 C
New York
Thursday, October 3, 2024

France: A recommendation to eliminate 100,000 jobs to reduce government spending

France: A recommendation to eliminate 100,000 jobs to reduce government spending

With the expectation that the general deficit in France, which is subject, along with six other countries, to excessive deficit measures, will exceed… European Commission6 percent of GDP in 2024. The Audit Bureau indicated in a report published on Wednesday that “staff costs, which represent a quarter of local administration spending, are witnessing continuous growth.”

With the aim of saving 4.1 billion euros annually starting from 2030, the institution, which aims to ensure the proper use of public money, recommends “gradually restoring the workforce in societies to its levels at the beginning of 2010,” that is, “reducing 100,000 jobs” out of 2 million.

This proposal, which is likely to spark anger and was opposed by MPs, is in line with the French President’s plan Emmanuel Macron In his campaign program in 2017, he indicated the abolition of 120,000 public sector jobs within five years, but he later abandoned it.

While Prime Minister Michel Barnier seeks to reduce the public deficit to less than 3 percent of GDP by 2029, the Audit Office in particular proposes “sharing of procurement” between municipalities, which could save 5 billion euros annually.



Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles