“It is necessary that the French know that we put ourselves in such a situation that we have no choice but to make a budget effort,” said Tuesday night, the first president of the auditing court, Pierre Moscowi, in BFMTV. This Tuesday morning, the Government developed a first diagnosis before starting discussions about the 2026 budget, which will require additional 40 million euros to respect the 4.6%deficit objective.
François Bayrou, however, considered “unsustainable” any increase in mandatory encumbrances to rebalance public accounts. France presents “a very high mandatory tax rate” and “We cannot continue using the tax lever as a priority,” reacted Pierre Moscowi, interviewed on this issue. For the latter, “we will end up absorbing our deficits and dominating our debt” thanks to “savings in public spending.”
“We will have to find a majority”
“First, because there are questions about financial returns and I don’t know exactly how much money you have to find” and then “because there are also capital issues, justice,” he said to Pierre Moscovici, who also added a “problem of political viability.” “We will have to find a majority,” he observed. “The diagnosis must be shared […] And after that, we must find solutions, “we continue the former Minister of Economy and Finance. However, these solutions” assume that there is a certain form of consensus, a certain form of balance, “he said.
“All French must make efforts to their contributory capacity,” said Pierre Moscovici. On taxes, “there is not too much need, but there is no taboo,” he said.
Source: BFM TV
