Gilles Roth, CSV Minister of Finance, presented this Tuesday the state financial situation on March 31, 2025, before the deputies gathered in the House. The Minister welcomed “the positive dynamic of revenue. This reflects in particular the good performance of our financial sector and confirms our political action in favor of a strong social state, solid social cohesion and sustainable and inclusive growth. ”
In the first quarter of 2025, central administration revenue stood at 7.6 billion euros, according to the rules of European dry accounts SEI2010 (Editor’s note: European system of national and regional accounts), with more than 723 million euros in additional revenue (+10.6%) in annual shift, said the ministry of finance press release.
The administration of direct contributions totaled revenue of 4.3 billion euros on March 31, 2025, an increase of 14% over one year. This increase is mainly linked to community income tax (+521 million euros), it is specified. Revenues from the TRUTION and SAVERS Tax reservoir, they are 1.7 billion euros, a level almost identical to that of 2024, “despite the additional adaptation of the income tax of natural persons, on January 1, 2025.
The revenues collected by the administration of registration, domains and VAT amounts to 1.9 billion euros (+50 million euros or +2.7% compared to March 31, 2024). While the VAT and subscription tax revenues increase respectively 40 million euros and 28 million euros, the registration fees remain behind under the effect of housing support measures and in particular the reduction of the applicable taxable base.
Customs and excise administration revenues amount to 569 million euros, an increase of 25.1% in annual comparison. As of March 31, 2025, central state spending increased by 788 million euros (or +12.2%) to 7.2 billion euros. This relatively high level in the first three months of 2025 is partly explained by the application of the provisional 12ᵉ (see box), which braked expenses at the start of 2024.
-More than a quarter (27%) of this increase comes from direct and indirect investments, while subsidies in favor of public transport, housing, ceiling on electricity prices and others, than transfers – in particular to municipalities, social security and for military spending – count for approximately 44% of this increase. At the end of the first quarter of 2025, the sale of the central state has a surplus of 337 million euros.
What is the twelfth provisional?
The twelfth provisional is a financial legislative text which allows the government to collect revenues and to initiate expenses equivalent to a twelfth of the budget provided for by the finance law of the previous year.
