Anxious to preserve public finances, the government could spread over two years the abolition of the contribution on the added value of companies (CVAE), initially intended to disappear in one block in 2023, we learned Thursday evening.
Although the government has not formally confirmed this line of work mentioned in the newspaper Les Echos, the Minister of Finance has indicated that it is finalizing the public finance strategy which will make it possible to meet our public finance objectives set for 2022-2027.
The Minister of Public Accounts meanwhile did not wish to comment on the rumours, emphasizing to AFP that nothing was arbitrated and decided.
The government is currently putting the finishing touches to the preparation of its draft budget for 2023, and is also working on a programming law which should set the trajectory of public finances for the coming years, with the aim of bringing the deficit below the threshold of 3% by the end of the five-year term in 2027.
Faced with this budgetary objective, and the probably high cost of the tariff shield on gas and electricity prices, which the executive intends to extend in an attenuated form in 2023, the government would therefore consider spreading out over 2023 and 2024 the abolition of the CVAE.
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If the measure were confirmed, it would be a reversal of what the government has said so far. At the beginning of July, during her speech on general policy, Prime Minister Elisabeth Borne once again pledged to eliminate this production tax, the receipts of which amount to around 8 billion euros.