2023-11-27 21:18:13
By Julie Ruiz
Published 30 minutes ago, Updated now
The Ministry of Economy and Finance, in Paris. François BOUCHON
DECRYPTION – Growth, inflation and margin rates weigh heavily on forecasts.
This fall, the weather surrounding the 2024 budget is turning gray. As the text completes an eventful journey through Parliament, punctuated by a hail of 49.3, clouds are accumulating over the government’s macroeconomic forecasts. Already, between spring and the presentation of the finance bill (PLF) in September, Bercy had itself lowered its growth forecast for next year from 1.6% to 1.4%. Despite this adjustment, the High Council of Public Finances of the Court of Auditors judged it “high”, particularly compared to the consensus of economists, which is around 0.8%.
Last week, a new headwind: France was pinned down by Brussels. The European Commission says that Paris risks not meeting its budgetary objectives, failing to reduce public spending quickly enough. Bercy brushes aside these criticisms – the risk of non-compliance brandished by Brussels would be ” very weak ” and the forecasts would not be…
This article is reserved for subscribers. You have 81% left to discover.
Black Friday
-70% on digital subscription
Already subscribed? Log in
#Economic #uncertainties #weaken #executives #scenarios #budget