2024-09-08 13:02:34
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The future Barnier government should take the time to develop a credible budget, without repeating the skeleton of last year’s budget, believes the First President of the Court of Auditors in an interview with Paris.
“This will undoubtedly be the most delicate budget of the Fifth Republic.” The new government, a divided Assembly, a bigger deficit than expected… Debates around the budget, which is supposed to be opened at the beginning of October, promise to be alive, in anticipation The first president of the Court of Auditors Pierre Moscovici in an interview. oh Paris This Sunday, September 8. With a deficit which could reach 5.6% of GDP this year instead of the 5.1% planned, then 6.2% in 2025, and the process that the EU opens to France, will be important. “separation”. And so on “We have an emergency”urged the former socialist minister: “A country with too much debt is a country with no power!”
For Pierre Moscovici, the public finance policy, which plans to return below the European target of a 3% deficit in 2027, “It’s time”. “I would even say that your course has become inevitable and not necessarily useful”received the first President of the Court of Examiners, who read that“We will need to make around one hundred billion euros in savings in three years” to achieve this. “It’s ugly, it’s hard to do politically, it’s not socially acceptable and it’s not economically viable.”
“Don’t let us wait for a miracle cure”
Bercy asked the European Commission for additional time to deliver its plan to reduce the public deficit. Pierre Moscovici urged the future Barnier government, which has not yet been formed, to change course and plan “Believable measures and reforms”Even if it means pushing back beyond 2027 the return decision to 3%, in 2029 for example. “Brussels always likes the truth, calculate the judge. The worst thing is to say that we will succeed without giving ourselves a chance. “
But where to start? “Don’t let us wait for the miracle cure through development”warns Pierre Moscovici, who believes that we will have to make savings. But not just anyway. “We can make sensible savings, which do not reduce public services.” As for a debate on the increase in taxation, if it is “must and cannot be forbidden”, “Expecting tens of billions in revenue from a crushing increase in taxes will not be good for the French economy”. And the first president of the Court of Auditors hammer home his mantra on the matter: “If you want to go, keep it simple and aim straight.”
If time is running out, the future government should also take time to formulate its budget correctly, suggests Pierre Moscovici. “Personally, I appeal for a real Finance Bill (PLF), complete and detailed, to be tabled. And it’s not that we start from a skeleton, from the architecture with constant expenditure, which will also be repaired. This will not reduce deficits, and the quality of public spending will not improve.” PLF can, according to him, be sued “a week or two” after October 1, the day on which the parliamentary session begins.
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