Arthur de Laborde / Photo credits: GEOFFROY VAN DER HASSELT / AFP
Guest of the 20 Hours of TF1 this Sunday, the Minister of the Economy and Finance Bruno Le Maire is expected to announce several bad news: a significant downward revision of growth for 2024 as well as a savings plan of at least “10 billion euros”.
Economic growth is expected to be less strong than expected in the coming months. As a result, concern is growing in the ranks of the macronie. While public finances risk finding themselves in the red, the Minister of the Economy, Finance and Industrial and Digital Sovereignty will be this Sunday evening on the set of 20 Hours on TF1. Bruno Le Maire should announce several bad news.
GDP growth expected to fall from 1.4 to 0.9%
The tenant of Bercy should launch a transparency operation on public accounts. First by revising downwards the growth figure for 2024, from 1.4 to 0.9%. Enough to further complicate an extremely difficult budgetary equation.
To maintain the deficit reduction trajectory and avoid a downgrade in France’s financial rating, Bruno Le Maire should unveil a savings plan of at least 10 billion euros. According to an advisor to the executive, it is the idea of a general plan affecting all the ministries which has been chosen. In other words, credit freezes decided by decrees to prevent the government from having to present a amending finance bill which would have a strong chance of encountering parliamentary opposition.
Prime Minister Gabriel Attal does not want this scenario which would probably push him to have to draw his first 49.3, furthermore exposing himself to the possible adoption of a motion of censure, before the crucial political deadline of the European elections .