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Governance of public expenditure and public services: is there any hope left?

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: public finances and debt, growth, investment and productivity

FV
· François Villeroy de Galhau Wiki · Banque de France WikiGovernance of public expenditure and public services: is there any hope left?

ContextSpeech at the Académie des sciences morales et politiques in Paris; the Banque de France keeps prices stable and comments on the governance of public spending.

Why it mattersVilleroy questions whether France can control its high public spending.

Problems raised
  1. French public spending is very high.
  2. Past reform plans had limited success.
  3. Public services must improve despite budget limits.
Solutions proposed
  1. Improve governance of public expenditure.
  2. Evaluate spending and set clear priorities.
  3. Control spending growth to reduce public debt.
Read full speech on bis.org ↗

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