2024-10-22 08:33:00
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The Minister of the Economy Antoine Armand presented this Monday, October 21, a “medium-term budgetary and structural plan” which will be based on “a complete review of spending”.
The Minister of the Economy, Antoine Armand, announced Monday October 21 the launch of a review of public spending which should make it possible to reduce it by“at least 5 billion euros” by 2027, by presenting the government’s medium-term budgetary plan to the National Assembly. “We will launch a complete review of spending to eliminate, between 2025 and 2027, at least 5 billion euros of non-priority spending”declared Antoine Armand while presenting this “medium-term budgetary and structural plan” covering the period 2025-2029.
“This review will also focus on tax and social niches. We know that some of them are either unjustified or incompatible with our objectives of supporting employment or decarbonization.he continued. “To do this, all public administrations will be mobilized and each year they will have to present a report which will detail both the results and the budgetary impact of their actions”he developed.
Reduce the deficit to 5% by 2025
The government had previously been criticized by the President of the National Assembly, Yaël Braun-Pivet, for having late transmitted to the deputies, Sunday on the eve of the debate, this still provisional document, which must be sent in its version final to the European Commission by October 31. This multi-year trajectory is presented alongside the finance bill (PLF) for 2025, including the examination of the part “recipes” must begin Monday evening in the hemicycle.
According to Antoine Armand, in addition to 60 billion savings planned in the draft budget for 2025 in order to reduce France’s galloping public deficit to 5%, the government’s multi-year strategy is based on structural reforms, a greening of the economy, reindustrialization of the country and simplification of business life. “Adopting a multi-year trajectory allows us to smooth out the effort over several years rather than having to make a too sudden adjustment all at once”declared to the deputies the Minister responsible for the Budget, Laurent Saint-Martin.
“The path to recovery is narrow, but there is indeed a path, provided we commit to it collectively”he added. The chairman of the Assembly Finance Committee, Éric Coquerel, for his part deplored that “the information transmitted is insufficient” to enable the Assembly to“appreciate realism” of the government’s multi-year budgetary trajectory.
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