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The slippage of the deficit forces the executive to find 20 billion more savings

2024-03-06T18:38:31.677Z

Highlights: The slippage of the deficit forces the executive to find 20 billion more savings. After announcing a 10 billion plan for 2024, the government is seeking to double that in 2025. In its sights: aid to businesses and social spending. The coming months promise painful choices for the French. The start of the year looks like a real descent into hell for public accounts. Every week brings its share of bad news. This Wednesday, in a stormy atmosphere, it was Thomas Cazenave who drew the painful consequences.


STORY - After announcing a 10 billion plan for 2024, the government is seeking to double that in 2025. In its sights: aid to businesses and social spending.


The coming months promise painful choices for the French, while the start of the year looks like a real descent into hell for public accounts.

Every week brings its share of bad news.

On Wednesday, facing startled deputies, Bruno Le Maire, interviewed at the National Assembly with Thomas Cazeneuve, Minister of Public Accounts, warned that France would “

significantly

” exceed its deficit target set at 4.9% for 2023. This The slippage comes as the Minister of the Economy already announced two weeks ago on TF1 a major revision of the growth forecast for 2024, lowered from 1.4% to 1%.

Bruno Le Maire also corrected the growth forecast for 2023 (0.9% rather than 1%) due to the unexpected fall in revenue, more than 7 billion lower than the expected amount.

This Wednesday, in a stormy atmosphere, it was Thomas Cazenave who drew the painful consequences of all this bad news.

A few days…

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Source: lefigaro

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