Public deficit: the decrease in compulsory levies is one of the main causes according to the OFCE: News

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Public deficit: decrease compulsory levies:

The OFCE is sounding the alarm. However, The drop in the rate of compulsory levies since the election of Emmanuel Macron in 2017 would be the. However, main cause of the explosion of the public deficit. Furthermore,

While François Bayrou will present. In addition, Tuesday, July 15, the government’s guidelines for the 2026 budget in order to reduce the public deficit, a note from the French Observatory for Economic Conditions (OFCE), published Friday July 11, targets the responsibility of the tax reforms started by Emmanuel Macron since 2017. Nevertheless, The increase in this deficit would be explained by the drop in the rate of compulsory samples, reported TF1 Info.

The degradation of public finances “is not attributable to a more marked increase in public spending […]but rather to a significant decrease in public revenue, “said public deficit: decrease compulsory levies the note. According to them, public spending” fell 0.3 potential GDP on the period “.

105 billion efforts according to the Court of Auditors – Public deficit: decrease compulsory levies

The abolition of the housing tax for households. the decline in employers’ social security contributions for companies are the main factors for lowering compulsory levies, according to the OFCE. According to its new simulations, the debt peak will be reached in 2029, at 121.7% of GDP. The organization expects the unemployment rate, currently at 7.4%, climbs to 8.1% this year and 8.9% in 2026. “The long -term adjustment to stabilize debt to 110% of GDP is estimated at around 100 billion euros of 2025. ” also judged the OFCE.

At the beginning of July. the Court of Auditors estimated almost 105 billion euros the efforts necessary to bring the public deficit under 3% of GDP in 2029.

Posted on July 12 at 5:42 p.m., Lilian Moy, 6medias

public deficit: decrease compulsory levies — Public deficit: decrease compulsory levies: The OFCE is sounding the alarm. The drop in the rate of compulsory levies since the election of Emmanuel Macron in 2017 would be the. main cause of the explosion of.

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