The new French government plans “ more than 30 billion in spending savings » as part of the 2025 budget, announced Wednesday the Minister of Public Accounts, Amélie de Montchalin.
This is the “ biggest effort to cut spending in 25 years“, she declared to the media the day after the grand oral speech of the head of government François Bayrou before the deputies to whom he presented his roadmap for 2025, including the orientations concerning the budget, as part of his Declaration of general policy.
The minister, who is also counting on an increase in revenue of 21 billion euros, wanted to reassure that “ we are not going to increase taxes for the middle classes and the working classes“, asserting that ” taxes exist, they must be paid by everyone« .
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The Minister of the Economy, Eric Lombard, had previously indicated that he wanted to obtain a budgetary effort of 50 billion euros in 2025, while the previous government of Michel Barnier hoped to have 60 billion in its budget (40 billion in savings + 20 billion in revenue increase).
While pointing out France’s “over-indebtedness” in his General Policy Statement, Prime Minister François Bayrou announced on Tuesday that all growth forecasts have been revised downwards, “ following in particular the crisis arising from the vote on the motion of censure” of the Barnier government, specifying that “significant savings will be proposed for the future« .
-While his government wanted to reduce the public deficit to between 5% and 5.5% of GDP this year, against 6.1% expected for 2024, Mr. Bayrou indicated that “it will be proposed to set the public deficit objective for 2025 at 5.4% of GDP« .
The same is true for growth. “ It was 1.1% before censorship, we set it at 0.9%“, he added.
With MAP
Morocco
