Debt, deficits… can France escape a tax increase? The informed of the September 7th economic issue

Emmanuel Cugny and Hadrien Bect receive Nathalie Chusseauprofessor at the University of Lille; associate researcher at the Chair of Demographic Transitions, Economic Transitions of the Risk Foundation; and Christian de Boissieuvice-president of the Circle of Economists.

Barely appointed Prime Minister, Michel Barnier set the scene for his actions during the transfer of power: “We expect a Prime Minister to tell the truth about financial debt and ecological debt.” Michel Barnier will have to urgently tackle the construction of the 2025 budget, in a very complicated economic context with expenditure exceeding revenue, and faced with a wall of necessary savings of 110 billion euros by 2027.

What room for maneuver does the new head of government have? Will he be able to spare households and businesses from a tax increase, and guarantee our purchasing power?