2024-04-11 14:34:41
Europe 1 with AFP // Photo credits:
modified to
4:43 p.m., April 11, 2024
President Emmanuel Macron indicated, Thursday in Bergerac, “to close the hypothesis” of an increase in taxes, defending his economic strategy which “produces results”, despite a deficit greater than expected.
“We must respond to this economic shock,” said the head of state, during a trip to the town of Bergerac in Dordogne. “The line is simple and has been reaffirmed: we stay the course (full employment, reindustrialization, rearmament of our public services) and we immediately close the hypothesis of saying that we are going to resolve this economic shock with more taxes , French disease. It would take away confidence. We keep the confidence of households, businesses, our partners,” he added.
Disagreements between Macron and Le Maire
France indicated on Wednesday that it was now planning for 2024 a public deficit of 5.1% of GDP, which will require finding another 10 billion euros this year, for a return to 2.9% of GDP in 2027. The high figure for the 2024 deficit, initially forecast at 4, 4%, is the consequence of the strong slippage recorded in 2023, where it reached 5.5% of GDP instead of the 4.9% planned, due to revenues much lower than expected, indicated the Ministry of Economy and Finance.
In front of Bruno Le Maire, with whom he denied having any “disagreement”, Emmanuel Macron insisted that his economic strategy was not “bad”, but on the contrary produced “results”. “We are the most attractive in Europe, we have some of the best growth in the euro zone, we create jobs and we are getting closer to others. […] And so all that is good, we must keep it,” he insisted once more.
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