appeared briefly in the fall of 2021, the subject of the control of public finances did not take into the political debate.
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There was Xavier Bertrand to reproach Emmanuel Macron from “campaigning with the checkbook of France”, then Valérie Pécresse, accusing him of “Cramer the Caisse”. It was in September 2021. But since then, the public debt – which reached 112.9% of the gross domestic product in 2021, more than 2,800 billion euros – was finally imposed as one of the Major themes of the presidential campaign.
Far from scoring a turning point, the “whatever it costs” put in place by the government for two years has rather accredited the idea that billions spent are more than a problem than a problem. The deficit and debt stagnate in ninth position of the concerns of the French, cited by only 13% of respondents, according to the latest IPSOS-Sopra Steria survey for Le Monde, published Wednesday, April 6th. And, with the exception of the party candidate the Republicans, Valérie Pécresse, no claimant to the Elysée did not judge to make a salient point of his program.
If the outgoing president is committed to starting to repay the debt in 2026, and iron under the 3% deficit in 2027, the subject was absent from his long remarks at his press conference of 17 March. . “Macron believes that today, debt is no longer a risk. There is a safe, climate risk, but not that, which is equated with something very technical,” Julien Vaulpré analysis, general manager of the Taddeo consulting company and former Nicolas Sarkozy advisor.
The proof of this capacity of good management, on which it is by no means need to dump? France has managed to get out of the excessive deficit procedure (within the framework of the European budget rules), by ironing two years in a row under the 3% deficit, in 2017 and 2018, it can replicate the performance, hammers its team. the country. Sign that the time is more expenditure than economies, the President clarified, Wednesday on TF1, that it would prolong the tariff shield on gas and electricity and index the pensions on inflation from the summer , if it is re-elected.
Suspended European rules
To establish the financial and budget credibility of the head of state, the campaign team prefers to highlight the postponement of the legal age of retirement at age 65, presented at the same time as the sine qua non condition the balance of the social system and as a source of consequent savings. The measurement also has the advantage of clearly differentiating Emmanuel Macron from the candidate given as his main rival, Marine Le Pen, who proposes a starting age between 60 and 62 years. “It is on the pensions that the question of our responsibility is crystallized,” confirms Jean-Noël Barrot, MP MODEM, who had participated in the preparation of the outgoing President’s program.
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