{"id":58,"date":"2025-05-29T05:25:11","date_gmt":"2025-05-29T05:25:11","guid":{"rendered":"https:\/\/alchimeta.com\/index.php\/2025\/05\/29\/france-running-out-of-money-auditors-warn-state-has-lost-control-of-welfare-spending-imf-demands-cuts\/"},"modified":"2025-05-29T05:25:11","modified_gmt":"2025-05-29T05:25:11","slug":"france-running-out-of-money-auditors-warn-state-has-lost-control-of-welfare-spending-imf-demands-cuts","status":"publish","type":"post","link":"https:\/\/alchimeta.com\/index.php\/2025\/05\/29\/france-running-out-of-money-auditors-warn-state-has-lost-control-of-welfare-spending-imf-demands-cuts\/","title":{"rendered":"France Running Out Of Money? Auditors Warn State Has “Lost Control” Of Welfare Spending, IMF Demands Cuts"},"content":{"rendered":"
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By Remix News Staff<\/a><\/em><\/p>\n

France\u2019s state audit office, the Court of Auditors, has issued a stark warning regarding the country\u2019s welfare spending, projecting an impending \u201cliquidity crisis.\u201d<\/strong><\/p>\n

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The auditors\u2019 report reviewed by Politico<\/a> indicates that welfare expenditures are \u201cout of control\u201d and could leave France running out of money as early as 2027.<\/strong><\/p>\n

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\u201cWe need to take back control. Over the past years, especially in 2023 and 2024, we have lost control of our public finances,\u201d the court\u2019s president, Pierre Moscovici,\u00a0said in an interview with RTL.<\/p>\n

The government forecasts a social budget deficit of \u20ac15.3 billion for 2024, expected to escalate to \u20ac22.1 billion in 2025. However, the Court of Auditors deems even this substantial projection overly optimistic, citing the government\u2019s overestimation of economic growth and the impact of tax cuts.<\/p>\n

Pierre Moscovici, president of the Court of Auditors, emphasized the urgency of the situation in an interview with RTL on Monday. \u201cWe need to take back control. In recent years, especially in 2023 and 2024, we have lost control of our public finances,\u201d he stated.<\/p>\n

However, what Politico and the court both do not mention is that tens of billions of this spending is going to France\u2019s exploding immigrant population.<\/p>\n

As France has noted, academics have put the costs of migrants in France at approximately \u20ac25 billion a year, with some having even higher estimates<\/a>. However, many of those with a migration background have French citizenship, and these are not counted in such statistics.<\/p>\n

France\u2019s budget deficit has significantly expanded as of late, reaching 5.8 percent of GDP last year, far exceeding the European Union\u2019s 3 percent ceiling.<\/p>\n

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Despite the French government\u2019s deficit reduction pledges, the situation is not expected to improve substantially in the near term. The deficit is projected to decrease to only 5.4 percent by 2025, with the 3 percent target not anticipated until 2029.<\/p>\n

Both the EU and the International Monetary Fund (IMF) have expressed concern over France\u2019s escalating spending. Last week, the IMF advised France to curtail welfare spending and proceed with pension reform.<\/p>\n<\/div>\n