Faced with the widening public deficit, is the participation of local authorities in the recovery of public finances justified?
Charles de Courson: The State motivates the 7.8 billion euros in savings requested from local authorities by the 110 billion euros in annual financial transfers that it allocates to them and by the integration of their budget into its deficit reduction objective. public at 3% of GDP. But even if the deficit of local authorities, in the sense of national accounting, has in fact increased the public deficit, increasing it from 0.2% to 0.4%, this is not a well-founded approach because the communities are subject to the golden rule which prohibits them from going into debt for operating expenses. Their …
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Gazette des Communes, Finance Club
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