the government’s trajectory is “fragile” and “unambitious”, estimates the Court of Auditors

Can do better. The Court of Auditors estimates in its annual public report, published Tuesday March 12, that the public deficit trajectory presented by the government in the public finance programming law (LPFP) for the years 2023 to 2027 is “unambitious” And “fragile”.

Coming back below a deficit representing only 3% of GDP in 2027 is “unambitious”wrote the Court, criticizing the government in particular for ratifying “a growing Social Security deficit”. But this trajectory is also “fragile”because she does not understand “no room for maneuver in the event of a less favorable scenario” that macroeconomic assumptions “optimists” on which the government relies.

The Court of Auditors also takes a critical look at the overall situation of public finances. “The debt burden should increase by ten billion euros” between 2023 and 2024, “to reach 57 billion euroswrites the Court. The situation of France’s public finances would thus remain among the most degraded in the euro zone.”