Bruno Le Maire warns of “significant reductions” of expenditure in state budget in 2024

In an interview with “JDD”, the Minister of Economy figures at “60 to 70 billion euros additional per year” the success of the energy transition initiated by France.


“We will move to fine all public spending”: in an interview with Sunday Journal (JDD) , published on Sunday January 29, Bruno Le Maire announces that the 2024 state budget will provide for “significant reductions”.

“At the end of the third quarter of 2022, the French debt reached 113 % of our national wealth. With the president and the Prime Minister, we are determined to lower the debt from 2026, and to bring the deficit public under 3 % in 2027, “said the mayor to the JDD.

“We will combine all public spending: State, local communities, social field. This is the subject of the Expenditure Review that we will undertake in the coming days under the authority of the Prime Minister. We are not novices in this area: we restored public finances in 2018, making difficult decisions for example on subsidized jobs. “

The Minister of Economy also figures for “60 to 70 billion euros additional per year” the success of the energy transition initiated by France, while the country’s public debt borders on the 3,000 billion of euros.

Bruno Le Maire calls on communities and private actors to participate in the financial effort, believing that “the State can wear part of it but not all” and that it had to play the role of “lever of ‘Private investment “. “This is the subject of the bill that I will present in May,” said the minister.

At the beginning of January, during his wishes to economic actors, the tenant of Bercy had indicated that he wanted to make France “the first nation” green in Europe, through a future bill accelerating the creation of new industrial sites and encouraging decarbonation. Questioned by the JDD on the objectives of reindustrialisation and decarbonation, the Mayor stressed that there had been “massive investments (…) already engaged with France 2030, such as the hydrogen plan, the construction of six new nuclear reactors, electric battery factories, especially in the North “.

Saturday, President Emmanuel Macron had admitted in a video published on social networks that France had to “double” his “effort rate” to reduce her carbon emissions if she wanted to reach her goals in 2030.

/Media reports cited above.