Fifty
years.
It has been fifty years since France has been able to maintain balanced public finances. Fifty years we have been living beyond our means, inevitably increasing our country's debt. Since coming to power, Emmanuel Macron has borrowed more than 800 billion euros to maintain the lifestyle of the public sphere. Of course, there was Covid, but the pandemic is behind us and, yet, the situation is not improving, on the contrary: the State deficit for 2023 is ultimately 5.5% of GDP, compared to 4.8% in 2022
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The situation is all the more worrying
as the government seems totally overwhelmed by the situation. The deficit forecast for last year was in fact “only” 4.9% of GDP.
“This is a slip-up in execution which is significant, not entirely unprecedented but very, very rare,”
notes the President of the Court of Auditors bluntly. And the announcements for 2024 are hardly more realistic. As much…
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