The Court of Auditors sounds the alarm

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Public finances: the Court of Auditors sounds the alarm
Public finances: the Court of Auditors sounds the alarm
(FRANCEINFO)

The Court of Auditors is concerned about the state of France’s finances, in the midst of political uncertainty, and is warning the next government.

While the name of the future Prime Minister is struggling to emerge, the Court of Auditors is once again concerned about the state of France’s finances and is warning the next government. The public debt is increasing, year after year. In 2023it stood at 111% of GDP, or more than 3,110 billion euros. And this could, if nothing is done, get even worse and reach 3,600 billion euros in 2027. A scenario very far from the government’s objective of bringing the deficit below 3% of GDP.

To rectify the situation, Bruno Le Maire announced 25 billion euros in savings. in 2024For its part, the Court of Auditors has mentioned several avenues for savings, such as the creation of an exceptional tax on the financial assets of the wealthiest or the return of a carbon tax to finance the ecological transition.


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