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Over-indebtedness: the finances of the capital in the hot seat

2022-05-26T18:24:53.981Z


Paris' debt has doubled since 2013 to more than 7 billion euros. Back at the town hall of Paris after several months of presidential campaign, Anne Hidalgo still has no intention of tackling the over-indebtedness of the capital, which is nevertheless less and less sustainable. The numbers don't lie. Since his arrival at the head of the capital, the debt has continued to grow, going from 3.7 billion euros in 2013 to 7.2 billion euros at the end of 2021, which re


Back at the town hall of Paris after several months of presidential campaign, Anne Hidalgo still has no intention of tackling the over-indebtedness of the capital, which is nevertheless less and less sustainable.

The numbers don't lie.

Since his arrival at the head of the capital, the debt has continued to grow, going from 3.7 billion euros in 2013 to 7.2 billion euros at the end of 2021, which represents nearly 75% of the budget. of the city (operating and investment expenses).

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In Paris, the perilous return of Anne Hidalgo

Last February, the Île-de-France regional chamber of the Court of Auditors also warned of this particularly critical situation in a report that caused a lot of noise.

For several years, the city of Paris has been investing beyond its means with operating expenses - including staff costs - which are skyrocketing.

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The sustainability of the city's investment trajectory must be secured by a rapid and robust restoration of its financial leeway...

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Source: lefigaro

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