01663cas a2200241 a 4500 AALejournalIMF015354 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513519579 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. France : Selected Issues. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (31 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes expenditure reforms in France. After decades of rising public spending and successive tax increases, the medium-term fiscal consolidation path described in the 2015 Stability Program is now fully expenditure based. However, recent efforts of nominal spending containment have not delivered the intended savings in the context of low growth and inflation. A thorough review of the efficiency of public spending could help prepare more fundamental reforms of spending programs and processes to underpin a lasting reduction in expenditures, which reached a record high of 57.2 percent of GDP in 2014. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/179 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/179/002.2015.issue-179-en.xml IMF e-Library