Public finances: “We must get out of ‘whatever it costs'”, warns Pierre Moscovici, first president of the Court of Auditors

The first president of the Court of Auditors, Pierre Moscovici, was the guest of “4 Truths” on France 2, Friday March 10. He first returned to the pension reform. “A reform was necessary to finance pensions. Unquestionably, there is a deficit. This deficit cannot continue. Then, it is up to political democracy, social democracy, to play its role”he estimated.

“We live beyond our means”

Pierre Moscovici then returned to the annual report of the Court of Auditors, submitted Thursday to Emmanuel Macron and published Friday, which draws up a severe report of the state of public finances. The first president of the Court of Auditors said: “We are concerned about the situation of French public finances, because we have a public expenditure ratio in the GDP which is the highest in Europe, at 58%, and we do not have a quality of public service perceived by our fellow citizens as always being great. There are questions about the state of the education system, housing policy, health policy.“ Pierre Moscovici then estimated that “we live beyond our means”warning that“we have to get out of ‘whatever it takes'”.