Elisabeth Borne heard by senators on the slippage of public finances

The former head of government gives some details on the calendar: “I was alerted in mid-December about the questions that the services of the Ministry of the Economy were asking about a possible non-compliance with the revenue objective set out in the finance law.”

“It’s not usual to have discrepancies of this order. I was keen to secure expenses.”

She explains that the intervention time was too short due to final 49.3 for the 2024 finance bill which occurred on December 20, 2023. “What we did to protect ourselves from less revenue, it “is giving ourselves the possibility through regulations to raise additional revenue: increasing the TICFE for an amount of 5 billion euros.”