Savings, yes, but what? On Tuesday, the government must transmit to the High Council of Public Finances the list of its commitments in financial matters: this is “the stability program” for the coming years. The document will then be presented to the Council of Ministers on April 17, debated in the Assembly immediately then sent to Brussels. Moment of truth: Bercy will have to reveal its updated growth and deficit forecasts, which will determine the scale of the expected efforts...
Be careful, bitter potion ahead! In 2024, 10 billion euros of credits have already been written off. But the State will still have to look for money, because tax revenues are disappointing and growth is hit by global geostrategic turbulence. “Probably 10 billion euros will still be needed,” estimates a source in the executive. Then, in 2025, the scissors will be out again, with at least 20 billion in savings to be found, according to the Minister for Public Accounts, Thomas Cazenave, before the senators of the Finance Committee on March 6.
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