Bruno Le Maire announces a downwardly revised growth forecast for 2024 and an “immediate” savings plan of 10 billion euros on state spending

The Minister of the Economy estimated French growth at 1% for 2024, instead of the 1.4% initially planned.

A vast savings plan. Guest of the 8 p.m. news on TF1, Sunday February 18, Bruno Le Maire announced that he had revised the growth forecast for 2024 to 1%, then it was. initially forecast at 1.4% in 2024. “It’s positive growth, but it takes into account the geopolitical context”such as the war in Ukraine, the conflict in the Middle East, the “very marked economic slowdown in China” And “a recession in 2023 in Germany”justified the Minister of Economy and Finance.

Based on this observation, the tenant of Bercy refused any increase in taxes to maintain the country’s budget deficit at 4%. “I commit, as I have done for seven years, not to increase taxes”he insisted. “On the other hand, we earn less, we spend less”he added, announcing to do this, a vast savings plan of 10 billion euros, “immediately, in the coming days”, on state spending. “It can be on energy, on real estate, on purchases”he clarified, insisting on the fact that “It’s not Social Security that will be affected”nor on “territorial communities”.

“All ministries will contribute up to what they represent in the national budget”, added Bruno Le Maire. He detailed that these 10 billion savings will be distributed as follows: five billion on the operating expenses of all ministries, one billion on public development assistance, one billion euros on MaPrimeRenov’ or even one “contribution” state operators.