“Everything should not rest on the State”, underlines the Minister of the Economy Bruno Le Maire.
Protect against inflation while controlling public spending: this is the big gap attempted by Bruno Le Maire (Economy, Finance, Industrial and Digital Sovereignty), promoted to number 2 in the government with an expanded portfolio at Bercy.
While inflation approached 5% over one year in April, the Minister will receive from this Monday afternoon the economic actors “to study with them how they can also participate in the protection of the French against rising prices“.
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Among the guests are the main employers’ organizations (Medef, CPME) and sectoral organizations (Fédération du commerce, de la distribution, du bâtiment). The unions themselves are increasing the pressure: Yves Veyrier (FO) called on Saturday to “move from words to actionon purchasing power, inacting on salaries, and in “blocking the prices of common goods such as energy or food“.
To raise the “challenge“Inflation,”not everything should rest with the state, the burden should be equitably distributed“, underlined Bruno Le Maire. An appeal from the foot launched to companies so that they too contribute to stimulating purchasing power, for example via the so-called “Macron” bonus (whose president has promised to triple the ceiling), wage increases or plugged.
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After having already spent 26 billion euros to counter the soaring prices linked to the war in Ukraine, the State is preparing to disburse several additional billions with the bill on purchasing power: general increase in civil servants, revaluation of pensions and social minima, food checks or lower contributions for the self-employed…
New spending in perspective while Emmanuel Macron has set himself the objective of reducing the public deficit to 3% by 2027. However, France is far from it, with a public deficit of 6.5% and a debt of 112.9% of GDP at the end of 2021. To restore the accounts, the executive relies on growth and full employment. A risky bet given the latest INSEE projections.