Vertigo.
The great masses of the finance bill for 2023 make you dizzy.
In 2023, the State intends to spend 500.2 billion euros, while it will collect only 345 billion euros.
France will thus post a budget deficit of 158.5 billion, the equivalent of 5% of GDP.
To finance and refinance its debt, which weighs 111.5% of GDP at the end of 2022, Bercy will borrow 270 billion euros on the markets next year.
An absolute record.
All items combined, public spending will represent 56.6% of GDP.
We know the circumstances of this excess: to the residues of the health crisis are now added the expenses deemed necessary to deal with inflation and the energy crisis.
“Our most important challenge is to bring down inflationary pressure
,” Bruno Le Maire tweeted on Monday.
Inflation is a threat to the economy and a poison to democracies.
Our history has taught us that.”
Setting the stakes so high obviously makes it possible to justify…
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