France plans for 2.25pc economic growth next year
France presented on Wednesday a budget for 2006 based on economic growth of 2.25 percent, a budget deficit just within EU limits and an oil price of US $60. But the public debt and the total amount of national output taken by taxes and charges would both rise. Meanwhile, separate data showed that controversial reforms to slash huge overspending on health services, a central factor in the overall budget deficit, have so far failed. Finance minister Thierry Breton said in a copy of a speech for the National Assembly that he stood by a growth target of 1.5-2.0 percent this year. He said that "nearly all studies point towards a rebound of activity" and that "the economic situation in the second half of 2005 and for 2006 looks unquestionably better than during the last 12 months: the French economy has emerged from the slowdown.
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