The balance of comprehensive implementation of France March 31, 2011 amounted to -33.6 billion euros cons -28.9 billion at the same date in 2010, according to figures from Bercy.
This deterioration reflects a widening deficit in special accounts to -16.5 billion, reflecting a sharp increase in advances to local governments 14.4 billion, while the general budget balance improved to -17, 1 billion.
Expenditure (general budget and levies on revenues) shrank to 82.3 billion against 86.2 billion at March 31, 2010, and the general budget revenue (net of refunds and rebates) rose to 65.2 billion against 61 , 6 billion at end March 2010.
This deterioration reflects a widening deficit in special accounts to -16.5 billion, reflecting a sharp increase in advances to local governments 14.4 billion, while the general budget balance improved to -17, 1 billion.
Expenditure (general budget and levies on revenues) shrank to 82.3 billion against 86.2 billion at March 31, 2010, and the general budget revenue (net of refunds and rebates) rose to 65.2 billion against 61 , 6 billion at end March 2010.