the revaluation of pensions from January will cost “between 500 to 800 million euros”, according to Bercy

A gesture for retirees, but at what cost to the state budget? The revaluation of all retirement pensions on January 1, 2025, followed by that of the smallest pensions in July, will cost “between 500 and 800 million euros”estimated the Minister of the Budget, Laurent Saint-Martin, Tuesday, November 12, after the announcement the day before of an agreement on this subject between the government and LR deputies. “Depending on the reality of inflation, this may vary”he explained on France 2. This compromise would reduce to 3 billion euros the savings hoped for on pensions by Bercy, which initially intended to freeze pensions until July. Follow our live stream.

Now for the vote in the Assembly. The deputies will be called, Tuesday from 4:30 p.m., to vote on the “revenue” part of the draft budget for 2025. If adopted, the deputies will continue with the examination of the “expenditure” part of the project finance law, with the deadline of November 21 on the horizon to examine the approximately 1,500 amendments tabled, before the text is sent to the Senate.

A very probable rejection of the text. In the event of a vote against, the entire text will be considered rejected, which will end its examination in the Assembly. Such a scenario would allow the government to start its own copy in the Senate, while the text has been profoundly rewritten by opposition deputies, but also by some supporting the government. LThe left should have difficulty getting the text adopted in the face of the government coalition and the National Rally.

La bnumber crunching continues. After the finance bill has been matched new taxes on super profits, super dividends or share buybacks,he Budget Minister denounced a “overdose fiscale” of taxes to “35 billion euros which will spare no one”. While Eric Coquerel, LFI president of the Finance Committee, estimated “75 billion” the revenues created, the general budget rapporteur, Charles de Courson (Liot), estimates them to be “12 billion”once the measurements have been subtracted “probably Euro-incompatible or unconstitutional”.