The French government is counting on its finance bill for 2023 on a growth of 1% next year, once morest 1.4% anticipated so far, indicated Tuesday, September 13 to journalists the Minister of the Economy Bruno le Maire.
On the other hand, the ministry is revising its inflation forecast upwards for 2022 (5.3% once morest 5% expected in July) and 2023 (4.2% once morest 3.2%), in a context of continued war in Ukraine, tensions over energy prices and economic fragility
France’s main trading partners.
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Despite these headwinds, France resists
, assured Bruno Le Maire. He welcomed expected growth of at least 2.5% for 2022.
5% public deficit expected
Despite the downward revision of growth for next year, we will maintain the 5% public deficit in 2023
promised the Minister of the Economy. This is the condition for the credibility of the trajectory of our public finances for the whole of the five-year period.
which expects the deficit to fall back below the 3% of GDP threshold in 2027, he added.
Bruno Le Maire promised that despite savings on public expenditure
the government would continue protect households and businesses in crisis situations
.
Thereby the tariff shield on (the prices of) gas and electricity will be maintained
with, however, price increases scheduled for January 1st. But these will be contained
a promis Bercy.
Prime Minister Elisabeth Borne will specify the amount of these increases on Wednesday, during a press conference.
Bruno Le Maire also reiterated that the contribution on the added value of companies (CVAE) would be abolished in two stages, up to 4 billion in 2023 and the same amount in 2024. He also confirmed that pensions would be revalued at the beginning of 2023 .
