Bruno Le Maire, three days after the Court of Auditors' warning about the decline in public finances, announced Sunday that he would give the task to parliamentarians of sending him suggestions for reducing public expenditures. The Minister of Finance at Rencontres economic centres in Aix-en-Provence stated that in addition to the two "priorities", purchasing power and full-employment, he also proposed that "we radically change our method to reduce government expenditure".
"I propose it is the parliamentarians that take up the topic, and not the government," added the ndeg2 executive. He confirmed the presence in the "task force which will fundamentally reform public spending" of deputy Renaissance Daniel Labaronne. Bruno Le Maire said, "I believe that the only ones who are legally able to do this work" and dismissed "the savings of bits-of-candle" from the beginning.
He laughed and said, "The little planning on the 5 euro of APL (personalized Housing Aid), not sure whether this is our greatest success over the past five years." He also suggested to organize "Assises du finances publiques" at the beginning of the school year to allow "look together, parliamentarians, and government, at our choices".
Bercy has given parliamentarians a large task. The public deficit is expected to reach 6.4% of GDP, and the national debt will be at 112.5%. The Court of Auditors published its latest report on public finances, Thursday. It was concerned by billions of dollars in new spending this week by government to support households in the face of rising inflation (in June, 5.8% compared to June, according to INSEE). These will "degrade the 2022 deficit in comparison to the scenario under the original finance law", which allowed for a deficit of 5% GDP at the end 2022.
The government plans to address the issue of purchasing power "from September's start of school year", according to Bruno Le Maire, Minister of Economy. He indicated that Sunday in Aix-en-Provence he would "reach out to" LR deputies regarding several subjects.
At the Provencal city's Economic Meetings, the minister stated that "there is nothing more revolting, nothing more Schadockian," he said. This issue must be addressed as a top priority at the beginning of each school year. Bruno Le Maire stated that the shortage of labor must be addressed immediately.
