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Public deficit: Bruno Le Maire once again says he is “totally opposed” to a tax increase


LThe French will not pay to restore public finances. In any case, this is what the Minister of the Economy, Bruno Le Maire, assured on RTL this Tuesday, March 27, while the public deficit has worsened further in 2023. According to the latest figures from INSEE, just revealed, this amounted to 5.5% of GDP, far from the 4.9% initially expected by the government.

I am opposed to any increase in taxes on our compatriots,” said the tenant of Bercy. “ The French are tired of paying, and those who work are tired of paying everything for everyone,” he asserted. “ As soon as things go badly in the public accounts, we say, “It doesn’t matter! The French will pay,” lamented the minister, evoking a solution “ of ease”, which would be “a reflex that we have had for thirty or forty years in France”, according to him.

The day before, the President of the National Assembly, Yaël Braun-Pivet, had estimated that he should not “ be taboo” on the prospect of a tax increase. The same day, François Bayrou, the head of MoDem allied to the presidential majority, more frankly called on the government to think about a “ targeted increase in levies”.

Determination intact and complete »

Bruno Le Maire has, however, once again committed to reducing the public deficit below 3% per year in 2027, at the end of Emmanuel Macron’s five-year term. “ My determination is intact and total,” he clarified, confessing that this required “ more determination, a lot of method, a lot of composure.” The minister thus recalled the government’s recent efforts to achieve 10 billion additional savings after lowering the country’s growth forecast to 1% instead of 1.4% in 2024.
READ ALSO Budget: panic at BercyThe minister said to himself: open to all debates” but warned against taxing superprofits, arguing that dividends were “ already taxed at 30%. On the other hand, he proposed to recover more “ annuity money”, as was done for energy companies on the grounds that the latter would have mechanically benefited from inflation.

However, the minister recognized that the sums generated by this measure were less than expected, bringing in 600 million euros instead of the 3 billion estimated by the CRE, the Energy Regulatory Commission.


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