2023-08-20 17:29:33
By Julie Ruiz
Posted 54 minutes ago, Updated 24 minutes ago
Economy Minister Bruno Lemaire. GONZALO FUENTES/REUTERS
DECRYPTION – It’s time to save money. But the equation is complex for Bercy, who has promised not to raise taxes. Tax increases, elimination of tax loopholes and social benefits are under consideration.
This will be, along with immigration, one of the two burning issues of the fall. The government, which returns to school this Wednesday, will tackle the 2024 budget head-on.
Between a war of positions with the opposition and a war of downward movement on spending, this budgetary battle promises to be even more trying than the previous ones. Because, following having repeatedly postponed the return to financial seriousness, Bercy seems well, this time, at the foot of the wall. While the French debt has officially exceeded 3000 billion euros, the various tracks traced by the government draw a bitter budget for individuals as for companies. “We can’t do otherwise”, blows a source who confirms that the ministry has firmly “engaged” with the reference rating agency S & P to respect the good budgetary resolutions taken in Brussels in April.
To avoid a disastrous degradation, the government insists that it…
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