French finance minister says budget deficit will be below 3 percent of GDP in 2019

Reuters

Published Sep 08, 2018 17:25

French finance minister says budget deficit will be below 3 percent of GDP in 2019

VIENNA (Reuters) - French Finance Minister Bruno Le Maire said on Saturday the government will keep its pledge to hold the budget deficit under 3 percent of gross domestic product next year.

"We will meet our target to be under 3 percent (of GDP) in 2019. The recovery of public accounts is non-negotiable," Le Maire said on the sidelines of a meeting of European finance ministers in Vienna.

Separately, le Maire said he was confident that Italian leaders were aware of the importance of decisions to be taken as part of the next budget.