2023-06-14 21:49:29
To defend its budget, the ministry of Gérald Darmanin highlights the multiple challenges to come: security of the Olympics, fight against delinquency, cyber crises… François BOUCHON/Le Figaro
DECRYPTION – All support Matignon on the reduction of expenses. Few are those ready to make an effort on their perimeter.
When the temperatures warm up, a certain wavering in the offices testifies, everywhere in France, to the proximity of the holidays. At the Ministry of Finance, however, the Budget Directorate does not experience this pleasant relaxation. The teams are working there in order to update, over the political arbitrations, the content of the future finance bill which will be presented in the autumn.
The exercise promises to be particularly full-bodied this year. After decades of all-out spending, France must, for the first time in a long time, as interest rates soar, pay real attention to its spending.
A complex exercise
The executive claims to have become aware of the magnitude of the challenge and multiplies the gestures to reassure the financial markets like its European partners. Paris has thus sent Brussels a more ambitious public finance trajectory than initially planned. The executive now expects a debt of 108% of gross domestic product (GDP) and a deficit by 2027…
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