“This is neither an austerity cure nor a tax bludgeon”said Thursday, October 10, the Minister of Budget and Public Accounts, Laurent Saint-Martin, after thehe presentation to the Council of Ministers of the finance bill, which provides for 60 billion savings. Michel Barnier wished “prevent a crisis whose first victims would be the weakest among us”, explained government spokesperson Maud Bregeon. She mentioned and “necessary, shared and targeted effort”. Follow our live stream.
The High Council of Public Finances considers the government’s budgetary approach “fragile”. “The forecasts remain a little optimistic and the information is poorly documented, and therefore the results on revenues and expenditures are fragile”affirmed its president Pierre Moscovici during a press conference. He also affirmed that the slippage of the public deficit in 2024 would be “absolutely considerable and unprecedented”.
“A budget that could be improved,” warns Michel Barnier. “We are going to ask the French for an effort of 60 billion euros, I want this effort to be fair and distributed equitably”, declared Michel Barnier, on the sidelines of a trip to Poitiers (Vienna), while the budget is presented this evening to the Council of Ministers. “It’s a budget that could be improved, I had to put it together in two weeks, a Prime Minister has never had to do it in two weeks, it’s not possible to do everything well.”
High-tension debates. The next few weeks will be tense for the head of government who will have to slalom between a resurgent opposition, RN deputies who have set red lines, and a presidential coalition determined to make itself heard. “We support a large part of the savings in Michel Barnier’s draft budget”, reassured theMP Thomas Cazenave on France 2.
Objective: 60 billion savings. Concretely, this supposes a reduction in expenditure of 40 billion and an increase in revenue of just under 20 billion. Pcivil service jobs removed, exemptions from lowered employer contributions… The freezing of retirement pensions promises to be much discussed.
Michel Barnier ready for unpopularity. “The country’s interest is for us to succeed”declared Prime Minister Michel Barnier in front of the deputies Together for the Republic (EPR), according to information from franceinfo. “I take the risk of being unpopular but not of being irresponsible”he warned.
