The government is working on the 2024 budget which will be presented in September with this objective: to save up to 15 billion euros. Where will he find them?
It targets up to 15 billion euros in savings. Bruno Le Maire, the Minister of the Economy, revealed this figure during the economic meetings of Aix-en-Provence, which were held on July 7, 8 and 9, 2023. Ihe minister has listed a few sectors in which he intends to cut: housing, health, employment…
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Housing, health and employment
Housing side: Bruno The Mayor confirmed, for example, that the Pinel device, which costs the State two billion euros each year, will indeed be abolished. The Pinel system makes it possible to reduce tax by making rental investment, but, according to the Minister, it is not effective: it does not allow housing to be built at affordable rents.
Afterwards, health: here, it is not the hospital that is targeted, but the pharmaceutical sector. The government will reimburse some of them. It will also drive out sick leave, in particular so-called convenience sick leave.
Finally, on the employment side, the government plans to reduce bonuses and aid paid to companies when they hire apprentices, in particular apprentices after the baccalaureate.
Business Growl
However, do not expect tax increases, he says. In any case, not for the most modest households. On the contrary, even: the government promises tax cuts instead. But beware, they will remain quite limited since it will depend on the rate of growth. That’s what the minister said. However, growth is slowing.
Businesses are likely to be unhappy with the next budget: Ihe government had promised them to abolish production taxes, such as the end of the business value added contribution (CVAE), next year, in 2024. Bruno Le Maire hinted this weekend that this deletion would rather be done in two stages.
VSOn the fuel side, the government will reduce the tax advantage on off-road diesel (GNR), used in construction, agriculture andIn fact, it translates into higher taxes. Certainly, the executive promises to gradually reduce this advantage over the GNR, but this could generate roadblocks or farmers. The executive insists, in any case, on the need to push companies to switch to a greener economy.