2023-04-21 05:49:00
The Minister of Economy and Finance, Bruno Le Maire, presented this Thursday, April 20 the new roadmap for public finances for the coming years. While gas and electricity prices are finally falling, the State is considering ending the tariff shield within two years.
By presenting his public finance roadmap for the next few years this Thursday, April 20, the Minister of Economy and Finance Bruno Le Maire emphasized the need for a financial recovery which, according to him, might pass , by the end of the tariff shield.
As a reminder, the tariff shield is a device limiting the increase in regulated gas and electricity tariffs, the amounts of which are set by the public authorities following a proposal from the Energy Regulation Commission (CRE). At the beginning of 2023, the State thus limited the average increase in regulated gas sales tariffs (TRV) to 15%, which cost, according to the Minister, “24 billion euros to the State in 2022”.
“Deleveraging”
According to Bruno Le Maire, the end of the tariff shield, which is part of a strategy of “reducing France’s debt”, might allow the public authorities to save up to 30 billion euros by 2025. “It France’s European credibility is at stake,” he warned the press, as two international rating agencies are due to publish their opinion on the country’s finances by the end of April.
No more exceptional checks and other aid worth tens of billions: as a pledge of budgetary seriousness, the government has affirmed its desire to initiate a “cooling” of public spending, which should progress more slowly than the inflation. “We have just asked our compatriots to make an effort with the pension reform (…). It is right that public actors (…) also be involved”, underlined the minister.
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