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PARIS, July 8 (Xinhua) -- The deficit gap in the French budget was at 64.3 billion euros (87.43 billion U.S. dollars) by the end of May, down from 72.6 billion euros a year ago, the budget ministry said on Tuesday.


Central budget revenues reached 124 billion euros, up 5.5 percent from the same month last year. Meanwhile Cheap NCAA Jerseys , public expenditures in May fell to 166.6 billion euros compared to 169.4 billion euros last year, official figures showed.


Looking to 2014, the government expects the budget gap at 3.8 percent of the gross domestic product (GDP), up from an initial forecast of 3.6 percent.


It pledged to cut the shortfall to three percent of its national output by the end of next year.


To comply with European Union targets, France has introduced a series of measures including public spending squeeze and a reform pact aimed at spurring investment and breathing life into the local sluggish job market. (1 euro = 1.36 U.S. dollars)


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