Sarkozy proposes constitutional obligation to curb budget deficit

French President Nicolas Sarkozy said Thursday he was considering making constitutional changes in a bid to curb increasing public deficit and realize national fiscal balance.

After a meeting in the Elysee Palace, the president announced a series of measures to reduce public deficit, amid a growing concern in European countries about rising deficit following Greece's debt crisis.

A balanced public finance was not one government's mission but also should be the state's commitment, stressed Sarkozy.

He called to launch a constitutional reform immediately, which would oblige each government coming out of an election to engage in a five-year path dealing with the deficit, according to a statement from the President's office.

The modified constitution will contain regulation that each new government should publish its budget deficit plan as soon as it is established and make clear the timetable to balance its budget.


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