Medef criticizes the government’s “lack of ambition”

Medef on Monday criticized the government’s “lack of ambition” in its draft budget for 2023, and called for “budget restraint”, he said in a statement.

“France continues to live beyond its means”, affirms the first French employers’ organization, which denounces “rising expenses” while “none of the structural problems of France are settled”.

The Medef pointed out that if growth did not reach 1%, as the government predicts, “the public debt ratio would be mechanically higher than anticipated”. He recalls that the OECD, for its part, anticipates growth limited to 0.6% in 2023 for the French economy.

For the employers’ organization, “there can be no good budgetary policy based on the habituation to public spending reflected in this finance bill”.

The Medef had previously strongly criticized the spreading over two years of the abolition of the contribution on the added value of companies (CVAE), while its abolition from 2023 had been announced in July by Prime Minister Elisabeth Borne.

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On Monday, the Medef expressed itself in more general terms, considering that the “economic context, marked by the war in Ukraine and the energy crisis, should have encouraged the government to be more proactive by activating the right levers for growth” .

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