Posted Sep 26, 2022, 3:16 PMUpdated on Sep 26, 2022 at 7:53 PM
Finished and well finished? Presenting the finance bill for next year, Bruno Le Maire assured this Monday that we were “out of the” whatever the cost “, and it is not to return to it”. However, it will take some time for the Minister of the Economy to convince that the page has indeed been turned, as evidenced by the unconvinced opinion issued the same day by the High Council of Public Finances (HCFP) on the Bercy’s displayed trajectory for public spending over the five-year term.
Despite the billions of euros dumped next year to cushion the shocks of inflation, the government swears that it is not letting spending slip away. “It’s not an easy budget,” hammered Bruno Le Maire. The executive highlights the fact that spending would show a drop of 1.5% in volume (excluding the effect of inflation next year). But this trend is mainly explained by the end of certain exceptional aid linked to the health and energy crises. By neutralizing their impact, the HCFP – an independent institution attached to the Court of Auditors – calculates that the evolution is rather +0.7% in volume.