In this article, we will delve into the fascinating world of Budget of France, exploring its various facets and analyzing its impact in different areas. From its historical relevance to its influence on today's society, Budget of France has become a topic of great interest for scholars, researchers and the curious alike. Through a multidisciplinary approach, we will address its importance in fields such as science, culture, technology and politics, among others. We will also examine its evolution over time and its potential to shape the future. Budget of France is a topic of great relevance, and we are excited to delve into its study and analysis in the course of this article.
The budget of France, setting revenues and spending levels is set after approval of the national assembly and the senate. The French Constitution provides for a maximum of 70 days between the budget being proposed to parliament and it being approved. Article 40 of the Constitution stops the National Assembly and Senate from making any amendments to the total spending and revenue amounts proposed by the government.
Once approved by parliament, the government may make adjustments of up to 2% to the budget without having to seek further parliamentary approval.
In 2011, the government introduced a bill to amend article 34 of the Constitution to ensure a balanced budget.
The French budget concerns only spending and revenue by central government. It thus excludes the Social Security budget and regional and local authorities budgets.
| Item | Central Government | Social Security | Local & Regional Government | Quasi-governmental bodies | Total |
|---|---|---|---|---|---|
| Expenditures (billion €) |
487.7 | 562.9 | 252 | 81.3 | 1383.9 |
| Revenues (billion €) |
419.8 | 552.8 | 242.8 | 82.6 | 1298.0 |
| Surplus/Deficit (billion €) |
-67.9 | -10.1 | -9.2 | 1.3 | -85.89 |
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