The equation seems unrealizable.
Heard this Wednesday by the National Assembly and the Senate, Thomas Cazenave, the Minister for Public Accounts, indicated that the 2025 budget would require making at least 20 billion euros in savings.
That is, an additional eight billion euros compared to the trajectory announced since the start of Emmanuel Macron's second five-year term, to reach a maximum budget deficit of 3% in 2027.
Almost a doubling of the efforts required for 2025 which Thomas Cazenave puts into account both growth forecasts for 2024, reduced from 1.4% of gross domestic product (GDP) to 1%.
But also on the 2023 cash inflows being worse than expected.
“We already know that the public deficit target of 4.9% for 2023 will be significantly exceeded,” repeated the guarantor of public accounts.
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