2024-07-15 12:12:02
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The first president of the Court of Auditors has sounded the alarm again, calling on the next government to deal with the recovery of public accounts as quickly as possible. And you have your own idea of what to do.
“Deficit reduction is important for everyone”. While France is still struggling to create a consensus that is likely to lead to the formation of a government, Pierre Moscovici is sounding the alarm. Guest on the France Inter morning show this Monday morning, the first president of the Court of Auditors urged “the next government” to “take over the subject of public finances”. “We must reduce our debt. France’s debt is already at 3,100 billion euros. It will be 3,600 billion in 2027. We have been paying 52 billion per year to pay it back, it will be 80 billion in 2027. There is no longer any room for wisdom to finance public works and ecological change. he assured.
This alarming observation is in accordance with the institution’s report, the presentation of which is scheduled for this Monday. The Sages of Rue Cambon make a sobering assessment of public accounts in light of the Macronist’s seven-year term. “2023 is very bad for our public finances”Recall Pierre Moscovici, referring to the removal of the public deficit in 2023, which rose to 5.5% of GDP compared to 4.9% at the beginning of the prospect. “2024 is not good, the deficit is falling little, if at all”he continued, before completing the ambitions for 2027 as “aimbitious” and “not very credible”. For him, the support provided to France during the health crisis then added – fame “whatever it is” – does not fully explain the corruption of public accounts. “All European countries have protected their fellow citizens during conflicts and not at this level of deficiency, this argument does not convince me”.
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Taxes to finance change
If the former Minister of Economy is not sympathetic to the results of Bruno Le Maire, he is also worried about the next government action. “It is the next government that will have to deal with this issue, it will have to develop a public finance course, which the previous government presented long ago.”
Pierre Moscovici has his own idea of what to do. “There are three ways to act on public accounts: growth, taxation, and spending. As for the tax collector, we cannot necessarily increase the number of additions but we can work on this or that pole. he suggested. And the judge mentioned the first proposal of the Pisani-Mahfouz report, that a “Different and temporary tax” on the financial assets of the richest 10% of the French people, to the tune of 5 billion euros per year. “I’m not a tax freak, but we shouldn’t deny ourselves tax”he deserves it. To finance the ecological change, the First President of the Court of Auditors is therefore in favor of the renewal of “carbon tax”, compensation by “minimal contributions”. It remains to be seen whether the tenant of Matignon will agree to follow the recommendations of the wise man of rue Cambon…
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