The Prime Minister should abandon any mechanism forcing the territories to limit their spending.
Senior officials in the Ministry of the Economy and, in particular, the powerful Budget Directorate, are probably seeing red. The government is ready to abandon any mechanism aimed at requiring local authorities to control their spending over the next few years to help clean up the public coffers. And this, while the IMF has just sounded the alarm, calling on France to start cleaning up its public accounts from 2023 due to a debt that remains above 110% of GDP.
Indeed, the executive is seriously considering not imposing “contracts of confidence” on large communities to limit their operating expenses between 2023 and 2027, according to information from L’Opinion confirmed at Figaro. Admittedly, the subject was officially still under discussion this Wednesday evening between Bercy, maneuvering on the implementation of this budgetary framework, Matignon and the Élysée. And, it is the President of the Republic…
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