The IMF, in its annual report published on 21st November, estimates that France should escape recession in 2023 with growth of 0.7%, while warning of the deterioration of public finances and calling for a reduction in the deficit as soon as possible. 2023.
The warning issued by the IMF deserves to be heard.
France's public finances are indeed out of control.
The public debt is about to exceed 3000 billion euros, or 44,200 euros per Frenchman, while the annual salary is capped at 39,300 euros.
It has increased by nearly 700 billion euros since 2017, under the effect of two slogans.
The “whatever the cost”, which made the state the reinsurer of household income and business turnover during the pandemic, before being extended to price increases since 2021. The “ at the same time", which translates into the refusal to make choices and to target aid on the most vulnerable households or sectors.
Read alsoSlippage of public debt: how France stands out in Europe
Public debt has become...
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