Description

Achieving France’s medium-term fiscal targets will require significant expenditure efforts.
 This paper identifies areas where there is scope for increasing expenditure efficiency, with a
 view to achieving higher quality and more sustainable fiscal consolidation. The methodology
 is based on a triple benchmarking. First, the level of public expenditure in different
 categories is compared to other European countries. Second, the impact of spending is
 assessed against other European countries. Third, the input mix is analyzed to understand
 what components are responsible for the level of spending and for the quality of outcomes
 This is done for various categories of spending and policies. Based on these results, the paper
 then provides policy options for expenditure reform in each of these areas, drawing on
 successful reform episodes in other countries.

More publications in this series: Working Papers

More publications by: Jean-Jacques Hallaert ; Maximilien Queyranne