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Executive doesn't see debt start to flow until 2027

2021-04-08T20:19:37.194Z


By the end of the month, Bercy will send Brussels its forecast for the trajectory of public finances over the next seven years.


Even in the heart of the coronavirus tornado, a few imposed figures remain.

Thus, the government will send its stability program to Brussels at the end of the month.

In this document, Bercy sets out objectives for the development of public finances (debt, deficit, compulsory tax rate, public expenditure, etc.) not, as is customary, for the next three years, but until 2027. After which, the executive believes that the public debt could start to decrease.

According to the document presented by the Ministry of the Economy, it would initially, from 2024 to 2026, stabilize at around 118%, then drop a very slight notch to 117.7% in 2027.

“We refuse the 'austerity, we are giving ourselves five years to restore public finances'

, we support in the entourage of Bruno Le Maire.

Read also:

After the debt surge in 2020, the question of the terms of its repayment resurfaces

But how to curb the exponential growth of the debt on the gross domestic product (GDP)?

It is not economic growth alone that will allow it

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Source: lefigaro

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