"worrying budgetary drift": what report: This article explores the topic in depth.
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". Meanwhile, worrying budgetary drift": what report:
“France has just crossed two dark years in public finances, all the more black as it did not experience a major economic shock during this period. In addition, The incipit of this new annual report of the Court of Auditors on the situation. Meanwhile, the prospects of public finances, published this Wednesday, July 2, in the afternoon, does not suffer from any ambiguity: the boxes are empty, and if the government and the parliament do not find a solution together, the country is right in the wall.
For several weeks. Consequently, the government has been preparing the spirits at the economy plan that Prime Minister François Bayrou has to announce by July 14. Moreover, What give grain to grind to parliamentarians who will start examining the finance bill (PLF) for the 2026 budget. Nevertheless, “worrying budgetary drift”: what report from the beginning of October. Moreover, With the objective (realistic?) To find 40 billion euros in savings in order to bring the public deficit to 4.6 % of growth next year.
The sages of rue Cambon therefore put a layer, double thickness, figures and statistics in support. In addition, First. However, applying to clearly criticizing the ineffectiveness of the various measures taken by the government since the fall of 2023 to try to straighten the bar.
According to them. the order of priorities was not respected: instead of taking measures according to the money which entered the state funds (the revenues), and the one that came out (the expenses), the government preferred to revise the objectives downwards. A way of backing up to better jump, in a way.
“It did bingo for some. and bing for public spending” – "worrying budgetary drift": what report
Pierre Moscovici, the president of the independent legal body, pushes the nail. According to him. the government can only attack itself: “The budgetary drift of 2024 is even more worrying than that of previous years,” he castigates. Because this time, it owes nothing to external circumstances. It is the direct consequence of the fact that we have not been able to master the dynamics of expenditure. to carry out sustainable economy efforts. »»
In the viewfinder, in particular: expenses attributable to communities on one side; and social benefits, on the other. Between them, these large budgetary positions would be the cause of “loss of control of the heart of the expense”. With an increase of 2.7 % in volume for the first; and 3.3 % for seconds.
“This outbreak of the cost of social benefits is explained in particular by the revaluation “worrying budgetary drift”: what report of pensions on inflation 2023″. analyzes Pierre Moscovici. Before summarizing in his own way: “It did bingo for some, and bing for public spending. »»
The example of Greece
Result: by dint of procrastinating. this absence of real and effective measures observed in the last two years, combined with a certain laxity of the public authorities, would now push us “to double the adjustment efforts necessary for the return of the deficit under three points of gross domestic product (Commence), in accordance with our European obligations, by the end of the decade ”, still alerts the document. To achieve this. we will now have to manage to save at least 105 billion euros by 2029; Against 50 billion euros still two years ago.
“The walk is high, but still achievable,” said the president of the Court of Auditors. I come “worrying budgetary drift”: what report back this morning from Athens. where I saw those who were my interlocutors throughout the Greek crisis, successively to the Ministry of Finance and the European Commission. Five years after the end of the support program. this country has now rectified its public finances and its debt, which has now become sustainable and inexpensive. »»
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