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The budget overview unveiled on Monday, September 2, highlights a deficit that could widen to 5.6% this year, reduced tax revenues and soaring expenses. While Bruno Le Maire is calling for further drastic cuts, the chairman of the finance committee, Eric Coquerel, fears a “recessionary spiral.”
Public accounts in the red, with a deficit that could widen to 5.6% this year, reduced tax revenues and soaring expenses. This is the situation that the new Prime Minister, whose imminent appointment by Emmanuel Macron is expected to manage, will have to manage. This new budgetary overview was revealed on the evening of Monday, September 2, first by Bruno Le Maire, the resigning Minister of the Economy, then by the rebellious deputy Eric Coquerel, president of the Finance Committee. The latter, as well as the other parliamentarians on the Finance Committees, had requested the preparatory documents for the 2025 budget from Bercy. He obtained them on Monday evening. This obligation of transparency pushed the two men, on Monday evening, to reveal these figures to the French. The minister to justify himself and recommend new savings. The LFI deputy to criticize the choices of “super austerity” which he believes will slow down growth, and
