2024-01-08 12:16:00
The Minister of Economy and Finance Bruno Le Maire announced this Monday that France must find “at least 12 billion euros in savings in 2025” in order to drastically reduce its debt.
The Minister of Economy and Finance, Bruno Le Maire, warned on Monday that “the hardest part is ahead of us” in terms of savings to be made to restore French public finances damaged by the crises. “I remind you that we must find at least 12 billion euros in savings in 2025. So let’s call a spade a spade: in terms of public finances, the hardest part is ahead of us,” declared Le Maire, presenting his wishes to the economic actors in Bercy.
Reduce debt
Already, the 2024 budget has been marked by massive savings coming mainly from the gradual end of exceptional purchasing power support measures.
Bruno Le Maire reiterated his determination to straighten out France’s public accounts, by reducing a colossal debt, exceeding 3,000 billion euros, and the public deficit to 4.4% in 2024 (compared to 4.9% anticipated for 2023 ). “The decisions we have taken and those that remain to be made are difficult decisions. We will not shy away from the difficulty of these decisions,” warned the government’s number two.
After the scheduled end of the tariff shield which was intended to deal with the surge in energy prices, “we will make new proposals in the coming weeks, in particular on the basis of the review of public expenditure”, he said. -he explains. “With Thomas Cazenave”, his colleague in charge of Public Accounts, “we will be uncompromising on unfunded ministerial announcements. Any ministerial announcement must rigorously and strictly respect the appropriations which have been approved by Parliament”, he added.
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