#fiscal-deficit

#fiscal-deficit

Despite years of denunciation from his left and far-right opponents that Macron has engaged in ultraneoliberalism, there hasn't been any. Not on a macro level, anyway, where both French government spending (57.3% of GDP) and tax receipts (51.4% of GDP) are among the highest in the world, including social spending, which outpaces any of its European neighbours. At the same time, it's impossible to have spent the past decade in France without encountering the widely shared perception and accusation that public services are in decline.