Bruno Le Maire wants to save more than a billion euros “from 2024”

2023-07-25 08:12:00

The Minister of Economy and Finance is targeting state operators such as Pôle Emploi. The objective: “accelerate the country’s debt reduction”.

By PM with AFP

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“The operators are very lucky”, since they have benefited from both “assigned taxes” which guarantee the security of their revenues, and “from the support of the recovery plan”, maintained Bruno Le Maire.
© XOSE BOUZAS / Hans Lucas / Hans Lucas via AFP

Published on 07/25/2023 at 10:12 a.m.

Lhe Minister of Finance Bruno Le Maire wants to save money. And for that, it targets state operators, such as the CNRS or Pôle emploi. Following a review of public expenditure carried out by the administration with around twenty of these structures carrying out public service missions for the State, the government noted a “very abundant cash flow”, said the minister on France info.

“As of the 2024 budget, we will recover half of these 2.5 billion euros of excess cash from operators,” he said. “The principle of the 2024 budget is to accelerate the country’s debt reduction,” hammered Bruno Le Maire as France narrowly escaped a downgrading of its financial rating by the S & P agency in early June. In the first quarter of 2023, France’s public debt crossed the symbolic threshold of 3,000 billion euros.

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“The operators are very lucky”, since they have benefited from both “assigned taxes” which guarantee the security of their revenues, and “from the support of the recovery plan”, maintained Bruno Le Maire.

“Nothing justifies that they have such abundant cash”, hence the drain of more than a billion euros planned as part of the finance bill for 2024, which will be presented at the end of September.

400,000 people employed by operators

According to an initial assessment of the public spending review initiated by Bercy, released to the press on Monday, “operators totaled 56.6 billion euros in cash at the end of 2022, once morest 33.8 billion euros at the end of 2019”.

According to a recent report by deputies Robin Reda (Renaissance) and Véronique Louwagie (Les Républicains), France will have no less than 438 state operators in 2023, employing more than 400,000 people.

In their work published in June, the two parliamentarians already recommended reducing by a third the subsidy allocated to the smallest operators (less than 250 employees).

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No new help for households

Tuesday morning, the Minister of Economy and Finance also indicated that the government would not create new financial aid for the most modest households, the day following President Emmanuel Macron’s promise to “continue to support them in an appropriate way”.

“It is not a question of setting up other aid, […] there are energy checks for the most modest households, ”recalled Bruno Le Maire.

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