The resigning Minister of the Economy was questioned this Monday by the Finance Committee of the Assembly.
While Bruno Le Maire is only waiting for the appointment of his successor to leave Bercy after seven years in office, the Minister of the Economy has transmitted to the future government ” as a citizen and as a resigning minister ” his recommendations on the management of public finances. The future ex-tenant of Bercy judged Monday during his “last” hearing at the finance committee of the Assembly that France could maintain its public deficit target, at 5.1% of GDP in 2024 and 3% in 2027, even though the budgetary trajectory is threatened with skidding.
« We can and must keep our 5.1 % deficit in 2024, and it is well within our reach »assured Bruno Le Maire, despite tax revenues which « could be lower than expected » This year. « We can and we must keep our 3 % in 2027. It is only a question of political choices »added the minister.
Accounts sink into the red
As a reminder, following repeated requests from the two leading figures of the Finance Committee, its chairman, Insoumis Éric Coquerel, and the general budget rapporteur Liot, Charles de Courson, Bercy finally sent the long-awaited budget documents to parliamentarians last week. According to a note from the Treasury, France’s accounts are sinking into the red with a deficit that could slip to 5.6% this year, far from the 5.1% forecast. A budgetary accident that bitterly echoes last year’s scenario. The deficit stood at 5.5% of GDP compared to the 4.9% forecast.
