French government to cut 15000 civil service jobs

The French government will cut 15,000 civil service posts next year and keep spending to one percentage point below the level of inflation, sources close to Prime Minister Dominique de Villepin said. The jobs reduction, almost triple one contained in the 2006 budget of 5,300 posts, represents "500 to 600 million (euros, 630-750 million dollars) in savings", an official at the prime minister's office said.

According to the plan presented on Monday, around 19,000 full-time posts are to be eliminated through natural attrition, and about 4,000 created among security forces and judicial services, and in research programs, parliament deputy Herve Mariton told AFP.

De Villepin's conservative government set a goal of bringing the public deficit to 2.5-2.6 percent of gross domestic product in 2007, and overall public debt to 64.6 percent of GDP at the end of this year. Eurozone countries are supposed to maintain public deficits of no more than 3.0 percent of GDP and maximum overall debt of 60 percent.

(2006-06-13 10:35:10 SGT) [Biz] Permalink

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