Source link : https://www.mondialnews.com/2025/07/20/frances-fiscal-watchdog-raises-doubts-over-holiday-scrapping-plans-impact/
France’s independent fiscal watchdog has expressed skepticism over the government’s proposal to eliminate public holidays as a means to boost economic productivity. In a recent statement, the body cautioned that the plan “remains to be proven,” highlighting uncertainties about its potential impact on growth and public finances. The development adds a new dimension to the ongoing debate over France’s labor market reforms and fiscal strategy, as policymakers grapple with balancing economic recovery and social consensus.
France’s Fiscal Watchdog Raises Doubts Over Holiday Abolition Plan
France’s independent fiscal authority has expressed significant skepticism regarding the government’s ambitious proposal to eliminate public holidays as a measure to boost productivity and address economic stagnation. In its latest assessment, the watchdog emphasized that the plan’s effectiveness in delivering the anticipated fiscal gains “remains to be proven”, highlighting the need for robust evidence and detailed impact analyses before any legislative moves are made. Officials have warned that the social and economic consequences of scrapping holidays could trigger public unrest and might not translate into the projected economic benefits.
The watchdog’s concerns center on several key uncertainties:
- Potential impact on worker morale and productivity
- Long-term effects on consumer spending during traditional holiday periods
- Fiscal assumptions behind the anticipated…
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Author : Sophia Davis
Publish date : 2025-07-20 09:48:00
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