In 2011, France plans to reduce its budget deficit to 6% of gross domestic product at the end of 2011. France has a deficit of its GDP for 7.7% now, and the French Finance Minister Christine Lagarde announced the government’s goal which is 6% of GDP, according to French newspaper Liberation Thursday.
Christine Lagarde is quite confidence about the goal. She also quoted that the Europe/ “target= “_blank” class= “keylink” >European Union, which predicts the deficit for 2011 will be 6.3%.
Deficit happens when a country spends more than it earns, it can be good and bad. Optimum borrowing can stimulate the development of a country. However, if a country keep borrowing money, it will harm the countries’ economic and balance ability.
http://www.ytwhw.com/2010/1202/75515.html
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