2024-09-03 15:07:50
“Incomes have decreased, that’s the main problem,” said Eric Coquerel on the subject of the general deficit
According to the President of the Budget Committee of the National Assembly, Eric Coquerel, (La France insoumise), recipient of the budget documents sent Monday by Bercy to the parliament, the public deficit can reach 5.6% of GDP this year instead of 5.1% expectation. for, and will expand to 6.2% of GDP in 2025 – instead of 4.1% – if 60 billion in savings are not made. Even with 30 billion euros saved, the general deficit will still stand at 5.2% of GDP next year, Mr. Coquerel read.
The public deficit is the balance of the accounts of the State, social security and local authorities.
“Revenues are down, that’s the main problem”analyzed Mr. Coquerel on Tuesday BFM business. “From there, there are two policies”he continued: taxation “income of the richest” and tax increases, “keep more contributions coming in” in the State and Social Security boxes.
According to “primary analysis” Eric Coquerel, “Only budgets dedicated to security and defense will increase faster than inflation” next year, he explained in a press release. On the one hand, “The most affected policies should be public development assistance (- 18% without considering inflation), sports (- 11%), agriculture (- 6%), overseas (- 4%), ecology (- 1%) and health (- 0.8%). Labor (+1%) and national education (+0.5%) “will also be affected by resource depletion”since the increase in planned credits is lower than the inflation forecast of around 2% next year.
According to Mr. Coquerel, taking into account the increase and the natural end of certain programs, this document’s budget – which the next director will be able to change as he wants, but within several deadlines – “is a reduction of 15 billion euros compared to the financial law adopted in 2024”. Added to this would be 5 billion savings in social security funding, or 20 billion in total.
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