The net result of the State accounts deteriorated in 2022

2023-07-13 18:10:06

By Le Figaro with AFP

Posted yesterday at 5:53 p.m., Updated yesterday at 6:10 p.m.

At the end of June, the Court of Auditors had warned of France’s objectives deemed unambitious in terms of reducing public spending. JULIAN DE ROSA / AFP

The deficit recorded is 160 billion euros, close to the 166 billion recorded in 2020. In 2021, the State’s accounting result had recovered, limiting the deficit to 141 billion euros.

The net result of the French state accounts deteriorated in 2022 after an improvement in 2021, the Court of Auditors said in a report on Thursday. The deficit recorded is 160 billion euros, close to the 166 billion recorded in 2020. In 2021, the State’s accounting result had recovered, limiting the deficit to 141 billion euros.

«The State accounts therefore do not mark the return to the level of deficit observed prior to the health crisis.“, note the Elders of the rue Cambon who recall that this deficit had evolved between 94 and 51 billion euros from 2012 to 2019. The net expenses of the State increased by 46 billion euros last year, this which is explained for 19 billion by an increase in operating expenses linked to the revaluation of the index point for civil servants.

Objectives deemed unambitious

The net financial position of the State, i.e. the difference between what it owns and what it owes, stood at 1758 billion euros on December 31, 2022.down 97 billion euros compared to the previous financial year“, specifies the Court of Auditors. “This deterioration is less than the deficit for the financial year, because the latter was partly offset by the accounting revaluation of certain State assets“, explains the institution.

The increase in revenuelinked to the dynamism of the economy, was not enough to absorb the increase in the various expense categories“, further note the Wise Persons who add that operating expenses have increased by 9% compared to 2021, and financial expenses by 98%. The State’s net financial debt increased by 151 billion, including 37 billion due to a deterioration in cash. At the end of June, the Court of Auditors had warned of France’s objectives deemed unambitious in terms of reducing public spending, compared to those of its European neighbors.

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