The Government has repeated it quite a bit: it wants to put an end to the “whatever the cost” scheme that has left deep marks on public finances.
In 2022, the budget deficit is expected to reach 5% of GDP (-164.7 billion euros). Therefore, the year 2023 must be the year of recovery, Bruno Le Maire hammered again during his wishes to the economic actors this Thursday, that is, the rapid return below the 3% bar desired by the texts Europeans.
An early review of public spending
“For the first time, rates have exceeded 3%, it is an alert sign, the time has come to restore public finances. We have already done it”, says Bruno le Maire.
However, the Minister wants a new method to achieve this. “There will be a review of anticipated public spending that will be done every year before April 1 to feed parliamentary work. All spending, the nation’s account and the social account will be analyzed”, a way of reiterating that the pension reform is at the center of this objective.
In addition, this year “public spending meetings” will be organized that will give rise to “structural projects”, promises Bruno Le Maire.
Source: BFM TV
