“There is no leeway either on taxes or on public spending. It is obvious that both must be lowered. The only leeway is work.”
After a few minutes of press conference, leaving his notes, Bruno Le Maire perfectly expressed the state of mind of this 2023 budget. The finance bill for next year reflects a form of helplessness on the part of the State, caught between an erratic macroeconomic context, a fractured political scene, households and businesses demanding that public authorities absorb all shocks and a colossal public debt.
If there is only work left to straighten out the public accounts in this foggy environment, how can it be encouraged?
To tell the truth, it is difficult to distinguish the tracks of the government.
The overhaul of unemployment insurance promised for months is struggling to emerge from limbo.
The reduction in production taxes has been slowed down.
As for the pension reform, the procrastination within...
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