40 billion euros in savings: “The government is starting from the wrong conclusions and arriving at the wrong solutions”
Interview: The Prime Minister will present his public finance recovery plan on Tuesday, July 15, with the aim of achieving a deficit of 3% of GDP by 2029. What are the political choices underlying the trade-offs that will be made? An analysis with economist Eric Heyer, Director of the Analysis and Forecasting Department at the OFCE.
Interview by Morgane Bertrand
Eric Lombard, Minister of Finance, and François Bayrou, Head of Government, after the Council of Ministers on July 2 at the Élysée Palace. LUDOVIC MARIN / AFP
Prime Minister François Bayrou is due to present his public finance recovery plan on Tuesday, July 15. The four-year plan aims to return " to a certain balance in public finances" in order to stabilize the debt.
To reduce the country's deficit, expected to reach 5.4% of GDP in 2025 and 4.6% in 2026, the government plans a budgetary effort of €40 billion in the 2026 budget proposal. The goal is to achieve a deficit of 3% of GDP in 2029. How can this goal be achieved? Some answers from economist Eric Heyer, Director of the Analysis and Forecasting Department at the OFCE.
At the beginning of the week, Nicolas Dufourcq, director of…Article reserved for subscribers.
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