“The economic situation and its repercussions will have led Emmanuel Macron to open wide the budgetary valves at the end of the five-year term”

Chronic. Politics is the art of adaptation. Emmanuel Macron knows something about it: he assured that he would do “Until the last quarter of an hour” useful work of his last year of his five-year term. But five months before the presidential election, and while his candidacy is not yet formalized, the plans of the Head of State continue to be thwarted.

Forced to put a damper on the pension reform on the threshold of summer, dissatisfied with the initial copy of the investment plan, which was finally postponed by one month and presented in mid-October, the tenant of the Elysee thought at least take advantage of the fall to fill the field with new announcements. Alas, concerns about purchasing power, against the backdrop of rising commodity and energy prices, have changed the game.

However, the month of September had started with a bang: Emmanuel Macron successively leaned at the bedside of the police, farmers, the self-employed, the city of Marseille and the long-term unemployed. Before launching with great fanfare the famous France 2030 plan, in a skilfully studied staging, American-style “TED Talks”, in the midst of an audience of investors, industrialists, start-ups and researchers.

Read also Article reserved for our subscribers Presidential election 2022: Emmanuel Macron, campaigning without saying it

A strategy then paying off, according to Brice Teinturier, deputy managing director of the Ipsos polling institute. “Ten or fifteen years ago, politicians had a global discourse and provided illustrations of it through measures. What is working today is announcing extremely concrete measures, category by category. Completing the panoply is important for Emmanuel Macron, to show that he seeks to protect all French people. “

The end of “whatever the cost”

So far, the country’s finances, largely burdened by the support measures initiated eighteen months ago, had only marginally suffered from this frenzy. Between the measures staggered in time, the remaining credits on the emergency and stimulus envelopes, the tax revenues boosted by the rebound in growth and the budgets fragmented over several years, the executive had skillfully maneuvered to hold on, at the same time. less in the accounts, on the end of “whatever the cost”. Archetype of this strategy: France 2030, endowed on paper with 34 billion euros, but of which only the first tranche of 3.5 billion euros is provided in the 2022 budget. The rest? It will be at the whim of the next majority. As for the commitment income to support 18-25 year olds towards employment, which has become “Youth engagement contract”, its contours have been revised downwards and it will cost 550 million euros, against one to two billion euros sought this summer.

You have 36.15% of this article left to read. The rest is for subscribers only.

source site