France to miss 2013 target to cut deficit: PM

Last Updated: Thu, Feb 14, 2013 06:30 hrs

Paris, Feb 14 (IANS) French Prime Minister Jean-Marc Ayrault has said the government will miss the target of trimming public deficit to three percent of the national output in 2013.

Speaking to the state-run TV channel France 3, Ayrault admitted that France's gap "will not be exactly at 3 percent", reported Xinhua.

Despite the Socialists' effort to squeeze spending by 38 billion euros ($51 billion) to fulfill promises of deficit-cutting and growth recovery, a continued ailing economy was likely to throw a spanner into their plans to put France's finances in order, the country's audit office La Cour des Comptes said Tuesday.

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