A big stone in the government's shoe.
This Tuesday morning, INSEE published the figures for France's public deficit in 2023: 5.5%, well above the 4.9% hoped for.
A gap of 154 billion euros between budgetary expenditure and revenue which widens the debt even further, now at 3,101.2 billion euros (110.6% of GDP).
The institute explains this slippage by “a clear slowdown” in revenues, linked in particular to sluggish economic activity, and therefore lower tax revenues.
Hence an increase of only 2% last year, compared to 7.4% in 2022. “That’s 21 billion euros less than in 2023,” said Bruno Le Maire, the Minister of Economy, in an exchange with the press, alongside Thomas Cazenave, the Minister of Public Accounts.
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