2023-07-08 19:23:31
To raise the bar of public finances, Bruno Le Maire wants to activate a particular lever. Which ? Raise the employment rate in France – currently 68% – to bring it to 80% by the end of the five-year term, in 2027. A rate that the country has not known “for half a century “, declared the Minister of the Economy in front of journalists, on the sidelines of the Economic Meetings of Aix-en-Provence.
A quick reminder: the employment rate relates the number of people in employment to the population of working age, and France is less well placed than other European countries in this area, such as Germany (78%) and the Netherlands (more than 80%), according to the Minister.
An unemployment rate around 5% at the end of the five-year term?
“If we had an employment rate equivalent to that of Germany, we would no longer have a deficit problem, our debt would be reduced much more quickly and we would generally no longer have a problem with public finances”, a- he pointed out.
To achieve this, the government is counting in particular on its pension reform, which plans to gradually raise the retirement age from 62 to 64 years. It has also set itself the objective of achieving full employment by 2027, i.e. an unemployment rate of around 5% (compared to 7.1% of the active population in the first quarter of 2023).
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