The High Council of Public Finances had judged the government’s growth forecast “a little high”.
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The growth forecast for France in 2023, set at 1% by the government, is “credible and proactive“, said Bruno Le Maire on Monday, September 26, after the presentation of the 2023 budget. Earlier in the day, Bruno Le Maire had stressed to journalists that the 1% objective was a “ambition” rather than a “certainty”.
The Minister of the Economy was speaking the day after criticism from the High Council of Public Finances (HCFP), which judged the growth forecast “a little high”. The 1% target is significantly higher than the expectations of the Banque de France (0.8% in the best case scenario and 0.5% according to its central scenario) and the OECD (0.6%).
“By definition it is a forecast, there is never certainty, but there is an ambition, that of having positive growth in 2023. All of this depends on geopolitical hazards and in particular the war in Ukraine”explained the number two of the government on the occasion of the presentation of the draft budget of France for 2023. Reacting to the doubts expressed by the HCFP, Bruno Le Maire assured that “all criticisms of public finances” were “welcome”.