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Paris sends the Commission a very theoretical trajectory of its public finances

2021-04-14T19:20:10.931Z

ANALYSIS - Traditionally, Bercy advances on projections over four years, which are in fact always contradicted by political changes or unexpected crises.



This is the last point on the program of the Council of Ministers on Wednesday.

Bruno Le Maire, the boss of Bercy, and Olivier Dussopt, in charge of public accounts, presented to their colleagues “France's stability program”.

This official document is sent every year by all European states to Brussels in April.

Governments are urged to include a multi-year trajectory for their public finances.

Once the copy has been examined, the Commission distributes good and bad points and issues some recommendations to be applied in the next edition.

Read also:

France on the offensive to launch the reform of European rules on debt and deficit

Traditionally, Bercy advances on projections over four years, which are in fact always denied by political changes or unexpected crises.

Despite this low reliability, the stability program is closely scrutinized, first because it gives a fairly exhaustive idea of ​​the macroeconomic expectations of the economists of the Treasury Department, then because it draws

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Source: lefigaro

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