Artus – Why the return to an austerity policy is inevitable

Lhe economic policy today in France is still an extension of that carried out since the start of the Covid crisis in March 2020. Each time a need for public spending appears (reindustrialisation, energy transition, support for the power of household purchases affected by the rise in energy and food prices, defence, health, education, with, in particular, the rise in the salaries of caregivers and teachers, etc.), he is satisfied and, as, in at the same time, tax cuts (housing tax, company production taxes) continue, the public deficit remains very high.

With the effects on public finances of the war in Ukraine (decline in growth due to the sharp rise in commodity prices, further need…