France’s 2021 public deficit likely to be 9.4%, Finance Minister says By Reuters

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© Reuters. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire attends a news conference for the launching of the 2020 income tax campaign at the Bercy Finance Ministry in Paris, France, April 8, 2021. REUTERS/Sarah Meyssonnier

PARIS (Reuters) -The French public deficit will likely be 9.4% of gross domestic product this year, Finance Minister Bruno Le Maire said on Monday, compared to a previous estimate of 9%.

Le Maire also told national TV channel France 2 television that he expected economic growth to return in early 2022 to pre-COVID-19 levels, reiterating his forecast of 5% economic growth for this year.

“I am convinced that we will achieve 5% growth in 2021 and that we will return at the start of 2022 to the same level of economic activity that we had before the crisis,” Le Maire said.

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