The Government wishes to reduce public spending by 6% by 2029 without resorting to “chainsaw,” announced the Minister of Public Accounts on Tuesday, Amélie de Montchalin, in particular to the fight against “the great drift” of the illness license.
“We want to reduce our public spending by 6% in five years,” said Amélie de Montchalin at a press conference on public finance, with Prime Minister François Bayrou.
“If we were a cleaning, we are in the process of describing a situation in which we could go from 100 euros in expenses to 94 euros in expenses,” he illustrated. “The objective is not public finances, the objective is not the figures, these are our space for maneuver, our ability to continue being a powerful country, a sovereign country,” he insisted.
Among the aforementioned roads, the minister mentioned the merger or abolition of certain public operators, an action against “the great drift” of illness license, the review of the public purchase mechanism to reduce prices, or “release that unleashes” in terms of public services. “It is around these principles that we will build the budget” By 2026, he continued.
Emphasizing the objective of returning the public deficit to 3% of GDP in 2029, the maximum authorized by the rules of the European Union, Amélie de Montchalin specified that it was not the “Brussels Diktat”. “We do this for us, for our nation, for our independence, for our sovereignty,” he said.
“1% per year”
This debt weighed at the end of 2024 113% of the gross domestic product, or 3,305.3 billion euros. The debt load, of 62 billion euros this year, is “almost inexorable part to reach 100 billion euros in 2029,” alerted Prime Minister François Bayrou.
The Minister of Economy, Éric Lombard, said that the 6% reduction in public spending in five years was equivalent to an effort of “1% per year, a little less even in the first years.” “The effort must be just among the three main categories”: Social Security and Social Communities, and this will be “dialogue,” he added. To preserve the competitiveness of companies, “we do not want to increase taxes or commercial positions,” said Iric Lombard.
In 2025, the budget effort amounts to about fifty billion euros, to which additional 5 billion have recently been added, extracted from credits in reserve. “We will not do three billion expenses, and we will also put aside two billion euros in expenses that we are preparing to cancel if the times are still difficult for the end of the year,” said Amélie de Montchalin.
Source: BFM TV
