The High Council of Public Finances considers the government’s budgetary approach “fragile”
The forecasts published by the French government in its draft budget for 2025 are “fragile”, judged the High Council of Public Finances (HCFP) in an opinion delivered today ahead of the presentation of the finance bill planned in early evening.
After an expected slippage to 6.1% of GDP this year, the government intends to reduce its public deficit to 5% from 2025, before returning below 3% in 2029, the limit imposed by European rules.
“There is a high risk weighing on the achievement of this trajectory,” warned Pierre Moscovici, highlighting “the relatively unprecedented scale” of the savings planned for next year and their effect on growth for 2025, planned for today. today by the government at 1.1%.
