The decree establishing the ten billion euros finances reduce revealed within the “Official Journal” | EUROtoday

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The Minister of the Economy, Bruno Le Maire, and the Minister Delegate in charge of public accounts, Thomas Cazenave, on February 21, 2024, at the Elysée.

Announced by the Minister of the Economy, Bruno Le Maire, on Sunday February 18, the ten billion euros in finances cuts had been recorded in a decree revealed in Official newspaper, THURSDAY. Among these “credit cancellations”virtually 2 billion euros concern the finances “sustainable ecology, development and mobility” which is essentially the most affected space.

“Growth is slowing across the world, particularly in Europe, with a significant growth revision in Britain and Germany”, defined Bruno Le Maire on Sunday night, saying the revision of French development for 2024 from 1.4% to 1%. To obtain his targets, the Minister of the Economy specified that half of the financial savings would come from a discount in “operating expenses of all ministries”who will subsequently must tighten their finances” energy, [de] furniture, [d’]purchases “.

“All ministries will contribute up to what they represent in the national budget”, he warned. This new tightening of screws taken by regulation is along with the 16 billion financial savings already included within the finances for 2024, primarily coming from the elimination of the power protect.

During the week, the Minister for Public Accounts, Thomas Cazenave, notably introduced the implementation from 2024 of a flat-rate contribution for workers to the non-public coaching account, “which will allow us to generate 200 million euros in savings” out of two.2 billion in spending that was deliberate this 12 months. People shall be exempt from the rest if the employer pays or if they’re unemployed, Bercy mentioned.

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Eric Coquerel known as for a corrective invoice

Following Bruno Le Maire's bulletins on Sunday night, the president of the finance committee on the National Assembly, Eric Coquerel (La France insoumise, Seine-Saint-Denis), demanded that the federal government current a draft regulation corrective funds to have these credit score reductions adopted by Parliament. For the “rebellious” deputy, “the decision to pass modifications of this magnitude through regulatory channels is a democratic denial”and {that a} draft amending finance regulation “should not be a “possibility” however an obligation. I demand it. » A request shortly brushed apart by the federal government which most popular to report these ten billion financial savings by a decree.

The Minister of Relations with Parliament, Marie Lebec, declared Tuesday {that a} parliamentary debate “would take more time and I am not sure that we would face an immense responsibility from the oppositions in this matter”. “The decision that is taken by the Minister of the Economy and Finance is to be able to act quickly and to act quickly, we take decisions which are by regulatory means and we go to the ceiling of what we can do with these 10 billion euros of savings which are announced »explained Ms. Lebec.

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The organic law relating to public finances specifies that “the cumulative amount of credits canceled by decree (…) cannot exceed 1.5% of the credits opened by the finance laws relating to the current year”. Ms. Lebec recalled that the federal government didn’t exclude a “budget collective” however “later, during the summer, if necessary”.

The Minister for Public Accounts, Thomas Cazenave, additionally recalled on Tuesday on France Inter that “if we need to go further” that these 10 billion financial savings that are “already a significant effort”then the federal government would this time submit a draft “Summer amending budget”.

The World with AFP

https://www.lemonde.fr/politique/article/2024/02/22/le-decret-actant-les-10-milliards-d-euros-de-coupe-budgetaire-publie-au-journal-officiel_6217879_823448.html