RAND Corporation analyzes France's public spending relative to historical benchmarks
What happened
The RAND Corporation analyzed France's total public spending, which stands at 57 percent of GDP. This figure is higher than the Soviet Union's 50 percent at the time of its collapse and higher than Venezuela's 38 percent under Hugo Chávez. The analysis also noted that the United States' federal public spending is about 24 percent of GDP, rising to 34 to 38 percent when state spending is included.
From townhall.com
Why it matters
The analysis addresses the scale of France's public spending amid recent protests and riots in the country. The findings highlight the relationship between high public spending and the ability of the government to finance its promises.
From townhall.com
Who's involved
- RAND CorporationAmerican research organization that conducted the spending analysis
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The entities involved
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Venezuela
Country in Latin America
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Soviet Union
former country in Eurasia (1922–1991)
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RAND Corporation
American research organization
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