Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
An Iranian missile hit an Israeli governmental compound in Haifa.
Talks begin in Geneva between Iranian Foreign Minister Abbas Araghchi and the E3.
Al Mayadeen correspondent: The E3 will present Araghchi with a four-point European plan that includes a complete end to uranium enrichment in Iran.
Iranian Foreign Minister Abbas Araghchi arrives at the venue of the negotiations that will soon begin with the E3.
Araghchi: The Israeli attacks on nuclear facilities in Iran are serious war crimes.
Araghchi: We are determined to defend our territorial integrity and sovereignty with full force.
Araghchi: We were supposed to meet with the Americans on June 15 to draft a highly promising agreement regarding our nuclear program.
Araghchi: The unjustified Israeli attack on Iran is a violation of International Humanitarian Law Article 33.
Araghchi: Iran is facing aggression that cannot be justified in any way, and justifying this aggression is an act of complicity.
Araghchi: "Israel" bombed nuclear facilities that are under the supervision of the International Atomic Energy Agency (IAEA).

'No education, security' funds with France public debt: Chief auditor

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Jul 2024 13:02
  • 1 Shares
2 Min Read

France's chief of the national Court of Audit tells France Inter radio that rising public debt leaves no room for green transition plans.

Listen
  • x
  • 'No education, security' funds with France public debt: chief auditor
    Facade of the building of the Ministry of Economy and Finance, in Paris, on August 2, 2021 (AFP)

Piling public debt will leave France with no funds to finance education, security, or its flagship net zero carbon plans, said the head of the national Court of Audit.

"We are already paying 52 billion for its reimbursement. We will pay 80 billion for its reimbursement in 2027. This means that there is no more room ... to pay for education, justice, security, and the ecological transition," Pierre Moscovici told France Inter radio with the public debt crossing 3.1 trillion euros.

Read more: Study finds UK, Germany, France most reliant on global trade

Moscovici, who also served as France's Finance Minister between 2014-2019, said that the next government will have to reduce this debt, forecasting that the public debt in 2027 will be 3.6 trillion euros.

Related News

Trump risks opening 'Pandora's Box' with Iran, analyst warns

Macron in Greenland to counter US pressure, assert European support

The French government claims that the main reason behind the current financial situation is COVID-19 spending.

The chief auditor rejected this claim, saying that "all European states have protected their citizens in exactly the same way ... We simply have 15 points more public debt than before the Covid crisis."

Read more: French farmers to start 'historic' blockade over unfulfilled demands

France is facing a deadline in September to submit its plan to Brussels, detailing steps to bring its public deficit back in line with the European Union's limit of 3% of GDP by 2027. Last year, France's public deficit reached 5.5%, prompting scrutiny and concern.

The European Union has already initiated a procedure for excessive public deficit against France, indicating a serious warning that will require careful monitoring of France's efforts to rectify its fiscal situation.

Read more: Niger puts an end to uranium and gold export to France

  • Europe
  • France
  • France Inter
  • Pierre Moscovici
  • European Union

Most Read

Iranian missiles impact Israeli sites in Tel Aviv in 2nd wave

Iran's missiles impact 'strategic' Israeli site in Tel Aviv

  • Politics
  • 14 Jun 2025
Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Smoke rises after an Iranian ballistic missile directly struck Tel Aviv, Occupied Palestine, June 13, 2025 (AP)

Op. True Promise 3: Iran's ballistic missiles strike Tel Aviv

  • MENA
  • 13 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Netanyahu stuns by postponing son’s wedding over Iran war
Politics

Netanyahu sparks outrage citing son’s wedding delay as Iran war cost

French court postpones verdict to July 17 on Georges Abdallah
Europe

French court postpones verdict on Georges Abdallah to July 17

Perseverance to shorten war: Iran's Larijani
Politics

Larijani says Iran to hold IAEA chief accountable after war ends

Damage to the Weizmann Institute of Science from an Iranian missile strike in Rehovot, Thursday, June 19, 2025. (AP Photo/Maya Alleruzzo)
Politics

'Catastrophic loss': Iranian blow to Weizmann’s war-linked facilities

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS