The savings to be made on the State and Social Security budgets must reach
“at least 20 billion euros”
in 2025, and no longer the 12 billion envisaged so far, the Minister for Public Accounts announced on Wednesday. Thomas Cazenave.
“Given the 2023 results”
of public finances and
“the revision of our growth forecasts in 2024”
, lowered from 1.4% to 1%,
“I must tell you in transparency that (...) we must probably increase our effort from twelve to at least 20 billion euros in additional savings
,” announced during a hearing at the National Assembly the minister, who came with his Economy colleague Bruno Le Maire to present the cancellation of ten billion euros in State credits for 2024. The 20 billion will relate to both the State and Social Security.
More information to come…