The Limited Times

Now you can see non-English news...

Too optimistic, the government must correct an already obsolete 2024 budget

2024-02-15T20:20:04.005Z

Highlights: Too optimistic, the government must correct an already obsolete 2024 budget. Regardless of the vehicle used, the executive must find billions in savings. Politically, this will have to involve announcements of cuts which very rarely win points in public opinion. “The file is locked. To communicate on this is to risk finding yourself with Matignon and Bercy on your back,” murmurs an insider. The European Commission downgraded its growth forecast for France in 2024 from 1.2% to 0.9%.


Regardless of the vehicle used, the executive must find billions in savings. Politically, this will have to involve announcements of cuts which very rarely win points in public opinion.


Horresco references

.

Since the end of the reshuffle sequence, public finances have made the lips of members of the majority tremble.

“The file is locked.

To communicate on this is to risk finding yourself with Matignon and Bercy on your back,”

murmurs an insider.

To euphemize, we could say that the question of public accounts is embarrassing in very high places.

And for good reason.

Just a few weeks after the adoption of the budget, the government seems to discover the bitter reality: the economic situation will not allow the objectives it contains to be achieved.

This Thursday again, the European Commission downgraded its growth forecast for France in 2024 from 1.2% to 0.9%

.

Its pessimism thus joins that of the Banque de France (0.9%), the OECD (0.6%) and the IMF (1%).

Officially, the government forecast still peaks at 1.4%.

Even if, in the corridors of Bercy, the fact that this target is out of reach is an open secret.

In all…

This article is reserved for subscribers.

You have 79% left to discover.

Flash sale

-70% on digital subscription

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2024-02-15

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.