2023-09-28 12:01:48
Published on September 27, 2023 at 6:17 p.m. Updated on September 28, 2023 at 8:32 a.m.
So far, so good… Everyone has in mind the (macabre) joke featuring the individual who throws himself from the 100th floor of a tower and considers on the 50th that, yes, so far so good. No increase in interest rates (3.37% for the 10-year OAT this afternoon) followed the presentation of the draft Budget for 2024. The Stock Market did not care. The rating agencies have not issued an alarmist statement.
So far, therefore, everything is going well, and the deteriorated situation of French public finances has no negative impact. This has been going on for years. But is this a guarantee for the future? Emmanuel Macron believes so, despite the warning from Bruno Le Maire, his Minister of Finance, who reminded majority parliamentarians on Tuesday that in 2025 France will be the only country with a public deficit greater than 3% of GDP.
#Budget #noose #tightening #expected