Three months after the first, a second draft amending budget for 2022 must be presented to the Council of Ministers on Wednesday, Bercy said on Monday. The Ministers of Economy Bruno Le Maire and Public Accounts Gabriel Attal will be heard Thursday in the Senate on the text, the second being also invited to speak on Wednesday in the middle of the day before the Finance Committee of the National Assembly.
According to its latest macroeconomic forecasts, the government expects GDP growth of 2.7% in 2022, a public deficit of 5% and an inflation rate of 5.4%. The second amending budget will be presented while Parliament has been examining for several weeks, in a tense climate with the oppositions, the draft budget for 2023.
Spending in favor of households and businesses
Presented during the summer, the first amending budget was characterized by numerous additional expenditures in favor of households and businesses, in order to cushion the shock of inflation, which in recent months has returned to levels not seen since the middle of the 1980s.
Bercy is still counting on 4% inflation at the end of 2023 and 2% during 2024, while warning that in the event of a crisis “everything could be shattered”. “I don’t know if we will reach them, it is enough for the crisis to degenerate in Ukraine for all these figures to be shattered, I am aware of this, so I give them with great caution”, Bruno Le announced last week. Mayor.
The rise in consumer prices in France accelerated again in October, to 6.2% over one year, after two months of slowdown, according to provisional data published Friday by INSEE. This rebound in inflation would be due to the acceleration in the increase in the prices of energy, food and manufactured products, specifies the National Institute of Statistics and Economic Studies.