What is the general public deficit? Understand in three minutes | EUROtoday

Barely appointed, the brand new Prime Minister Michel Barnier must deal with a most essential job: the State finances. Because the draft finance invoice (PLF) should be submitted to the National Assembly on 1^er October. And its adoption guarantees to be delicate: with a public deficit representing 5.6% of GDP in 2024, the efforts required, significantly to maintain the commitments made by France to the European Union, are colossal.

But what precisely are we speaking about after we speak concerning the public deficit? Let's differentiate between the cash that comes into the State coffers, the revenues, and the cash that goes out, the expenditures. If there’s extra income, this sum represents a surplus. If there’s extra expenditure, we’re speaking a few deficit. And to this we should add the potential deficit of social safety and that of native authorities: municipalities, departments, areas, and so forth. All this provides the overall of the general public deficit.

In this video, we glance again on the numerous estimates given in 2024 and the issues they pose. To be taught extra concerning the French authorities's 2025 finances, we invite you to learn the article beneath.