Protect against inflation while controlling public spending: this is the big gap attempted by Bruno Le Maire (Economy, Finance, Industrial and Digital Sovereignty), promoted to number 2 in the government with an expanded portfolio at Bercy.
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While inflation approached 5% over one year in April, the minister will receive economic players from Monday afternoon “
to study with them how they can also participate in protecting the French against rising prices
”.
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Inflation: the French spend differently
Among the guests are the main employers' organizations (Medef, CPME) and sectoral organizations (Fédération du commerce, de la distribution, du bâtiment).
The unions, on the other hand, are increasing the pressure: Yves Veyrier (FO) called on Saturday to "
move from words to action
" on purchasing power, by "
acting on wages",
and by
"blocking the prices of everyday goods like energy or food
.
To meet the “
challenge
” of inflation, “
everything must not rest on the State, the burden must be fairly distributed
”, underlined Bruno Le Maire.
An appeal from the foot launched to companies so that they too contribute to stimulating purchasing power, for example via the so-called "Macron" bonus (whose president has promised to triple the ceiling), wage increases or plugged.
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Inflation: why the French are not all equal in the face of soaring prices
After having already spent 26 billion euros to counter the soaring prices linked to the war in Ukraine, the State is preparing to disburse several additional billions with the bill on purchasing power: general increase in civil servants, revaluation of pensions and social minima, food checks or lower contributions for the self-employed...
New spending in perspective while Emmanuel Macron has set himself the objective of reducing the public deficit to 3% by 2027.
However, France is far from it, with a public deficit of 6.5% and a debt of 112.9% of GDP at the end of 2021.
To restore the accounts, the executive relies on growth and full employment.
A risky bet given the latest INSEE projections.
