D-Day of Budget 2024, presented to the Council of Ministers. And the government has not delivered on the structural savings it promised. Without a doubt, Bercy will save 16 billion euros next year. And in total, public spending will be reduced by 4,000 million euros. Since 2015 there has not been a drop in public spending.
But this result is only due to an unexpected effect with the end of the tariff shield and generalized energy aid for homes and companies. Because otherwise, the government does not present any structural savings in its current spending. And this despite the review of public spending and the bases of public spending launched with great fanfare by Bruno Le Maire.
Shy savings
The executive has talked a lot, in particular, about savings in housing, employment aid and even health, but the result is still very timid.
In terms of housing, the start of savings will not occur until 2025, with the end of Pinel and the reorientation of the PTZ. In terms of employment aid, the savings on apprentice contracts will not exceed 600 million euros. And in terms of health, the government has abandoned the idea of making companies pay part of the strikes and, finally, is reluctant to double the franchises for medicines and consultations.
Therefore, the big night of saving is not yet for this budget. But the government will no longer have a choice in the future if it wants to maintain its financial commitments, with €12 billion less spending to find each year until 2027, and no more injections to pull the plug.
Source: BFM TV
