2023-11-27 20:47:46
Published on Nov. 27, 2023 at 7:30 p.m. Updated on Nov. 27, 2023 at 7:47 p.m.
Banking on growth, both to achieve full employment and to reduce – even slightly – the public debt: Emmanuel Macron has decided to take a peak path for the economic strategy of his second five-year term. But so narrow that it resembles a tightrope walk.
A study published this Monday by Cepremap (the Center for Economic Research and its Applications) on the “uncertainties of the finance bill (PLF) for 2024” criticizes the credibility of the government’s budgetary trajectory between now and 2027 : Bercy’s forecasts are considered “uncertain because they are largely based on shocks not controlled by the government”, it is written. The objective of reducing the level of debt is not out of reach, but paradoxically it would be necessary to reduce the ambitions in terms of full employment, given all the constraints weighing on the executive.
#difficult #reconcile #objectives #Emmanuel #Macrons #economic #policy