The Limited Times

Now you can see non-English news...

The surge in the deficit to 5.5% relaunches the debate among the majority on the need to increase taxes

2024-03-26T18:56:34.921Z

Highlights: The surge in the deficit to 5.5% relaunches the debate among the majority on the need to increase taxes. Public debt reached 110.6% of GDP at the end of 2023, down compared to 2022 (111.9%) but above the government forecast (109.7%). A figure much higher than the government's forecast, which was committed to containing the deficit at 4.9%. This gap represents “a deterioration of 15.8 billion euros compared to the latest forecasts’


DECRYPTION - Back against the wall, the executive must cut spending, but the question of revenue arises.


Without waiting for his appearance on “20 Heures” on Wednesday, Gabriel Attal reacted on Tuesday afternoon to the poor public finance figures published by INSEE.

“The reality is that there has been an economic slowdown, that, faced with that, we obviously need very great rigor in the choices we make,”

replied the Prime Minister, questioned by the leader of Les Républicains deputies, Olivier Marleix, describing

the situation as

“serious” .

Public debt reached 110.6% of GDP at the end of 2023, down compared to 2022 (111.9%) but above the government forecast (109.7%).

As for the public deficit, it will slip to reach 5.5% of GDP in 2023, or 154 billion euros, compared to 4.8% in 2022. A figure much higher than the government's forecast, which was committed to containing the deficit at 4.9%.

This gap represents

“a deterioration of 15.8 billion euros compared to the latest forecasts”

, recognized Thomas Cazenave, Minister…

This article is reserved for subscribers.

You have 88% left to discover.

Flash sale

€4.49/month for 12 months

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2024-03-26

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.