| Description |
1 online resource (31 pages) : color illustrations |
| Series |
IMF country report, 1934-7685 ; no. 15/179 |
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IMF country report ; no. 15/179.
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| Contents |
Cover; CONTENTS; I. EXPENDITURE REFORMS; TABLE; 1. Public Social Expenditure by Broad Social Policy Area; References; II. LABOR MARKET REFORM; A. France's Labor Market; B. Rigidities; C. The Reform Agenda; FIGURE; 1. Labor Market Structural Indicators; BOX; 1. Towards a Jobs Act à la Français; TABLE; 1. Key Labor Market Reforms; References; III. BARRIERS TO COMPETITION; TABLE; 1. Input as a Share of Gross Output; FIGURE; 1. Product Market Regulation in 2013; 2. Potential Product Market Reforms; References; IV. FINANCIAL SECTOR, HOUSING PRICES, AND PRIVATE BALANCE SHEETS; A. Banking System |
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B. Nonbank Financial SectorC. Insurance Sector; FIGURE; 1. Banking and Insurance Sector Developments; D. Housing Prices and Private Balance Sheets; E. Macroprudential Issues |
| Summary |
This Selected Issues paper analyzes expenditure reforms in France. After decades of rising public spending and successive tax increases, the medium-term fiscal consolidation path described in the 2015 Stability Program is now fully expenditure based. However, recent efforts of nominal spending containment have not delivered the intended savings in the context of low growth and inflation. A thorough review of the efficiency of public spending could help prepare more fundamental reforms of spending programs and processes to underpin a lasting reduction in expenditures, which reached a record high of 57.2 percent of GDP in 2014 |
| Notes |
"Prepared By J.J. Hallaert, E. Perez-Ruiz, M. Gorbanyov, and P. Kongsamut |
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"July 2015." |
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"June 23, 2015"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF Web site, viewed July 21, 2015) |
| Subject |
International Monetary Fund -- France
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| SUBJECT |
International Monetary Fund fast |
| Subject |
Fiscal policy -- France
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Expenditures, Public.
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Manpower policy -- France
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Competition -- France
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Financial institutions -- France
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Housing -- Prices -- France
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Competition
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Expenditures, Public
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Financial institutions
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Fiscal policy
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Housing -- Prices
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Manpower policy
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France
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| Form |
Electronic book
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| Author |
Hallaert, Jean-Jacques, author.
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International Monetary Fund.
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| ISBN |
1513518828 |
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9781513518824 |
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1513519573 |
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9781513519579 |
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1513546686 |
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9781513546681 |
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1513518666 |
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9781513518664 |
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