Faced with slowing growth and declining tax revenues, the executive announced on Sunday 10 billion euros in immediate savings on the state budget.
An effort that represents barely 0.4% of GDP, or even 0.8% of public spending or 2.3% of state spending.
Suffice to say that France is far from an austerity policy - the deficit target in 2024 remains high at 4.4%, and it is likely that that of 2023, set at 4.9%, will be missed.
It is not even a turning point in rigor, according to the established expression.
What the executive announced on Sunday was a good old-fashioned blow, accompanied, of course, by one or two political tricks.
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Thus the ministers in charge, Bruno Le Maire and Thomas Cazenave, explain that it is the State and the State alone which is tightening its belt, and not the French.
Which is rather funny.
When the State raises taxes or creates additional expenditure, it seems that it is quite the opposite, that nothing is going well...
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