Republicans want to politicize the subject of debt

The Les Républicains (LR) group of the National Assembly launched, Wednesday May 22, a commission of inquiry concerning the “strong growth in debt” below “the presidency of Emmanuel Macron”. The deputy (LR) for Hauts-de-Seine, Philippe Juvin, appointed last week to chair it, considers that “public finances are in an extremely worrying situation with a worsening of the debt during the first and second five-year terms of Emmanuel Macron”.

The figures are known and the right never misses an opportunity to recall them to undermine the economic record of the President of the Republic. According to INSEE, France’s public deficit reached 5.5% of GDP in 2023, or 15.8 billion euros more than expected. In February, the government announced 10 billion euros in savings on the state budget in 2024. A new effort of 10 billion euros was added at the beginning of April.

Insufficient for the Republicans, even the most stamped “Macron-compatible” like Véronique Louwagie. “In 2010, we had the same level of debt as Germany, at 85% of GDP. Today, there is a forty point gap against usnotes the MP for Orne, designated as one of the secretaries of the commission. The question is whether reducing the country’s debt is a priority for the government. We have the impression that this is not the case. »

“The government will be up against the wall”

Announced in April, this commission – Mathieu Lefèvre, MP (Renaissance) for Val-de-Marne, is the rapporteur – will complete its hearings in mid-September, before delivering its conclusions at the beginning of November. A calendar which owes nothing to chance, since the National Assembly will debate at that time the 2025 finance bill. The Republicans imagine that the commission will establish that the situation is not very bright and will target the responsibility of the current majority.

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Without mentioning a possible motion of censure, Olivier Marleix suggests it quite openly. “We want to put ourselves in a position to apprehend the big meeting that will be the finance bill for 2025. This is where the government will be up against the wall”warns the head of the LR deputies.

In recent months, the right has decided to attack the government on its management of public finances to appear, by contrast, as the party of good management. “In seven years, under the Macron presidency, French debt will have increased by 50% and it did not wait for the Covid-19 crisis to explode”, accuses the deputy for Eure-et-Loir. A tireless admirer of Emmanuel Macron, Mr. Marleix jokes about the economic lessons that the Greeks and Portuguese would give to France. These two countries, former poor students in the European class in the 2000s, have since reduced their debts by 16 points and 32 points respectively in ten years.

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