Between Emmanuel Macron and Bruno Le Maire, a robust stress on the general public deficit | EUROtoday

Get real time updates directly on you device, subscribe now.

Emmanuel Macron and Bruno Le Maire, March 12, 2024.

It is a bit of after 5:30 p.m. this Monday, April 8, when Bruno Le Maire walks by way of the doorways of the Elysée. The Minister of the Economy has simply disrupted his schedule for a final minute tête-à-tête with Emmanuel Macron. The stress between the 2 males is at its peak whereas Bercy should transmit this week, ” to notice “, France's stability program on the High Council of Public Finances. For days now, the President of the Republic has been boiling internally towards the outbursts of the tenant of Bercy who, in his eyes, is panicking the French concerning the calamitous state of public funds.

Read additionally | Article reserved for our subscribers The authorities's path to attaining 20 billion euros in financial savings in 2025

The deficit, introduced on the finish of March at 5.5% of GDP, removed from the 4.9% forecast, is, based on the Head of State, solely a cyclical blip. There isn’t any level in planning a draft amending finance legislation (PLFR), as Bruno Le Maire insists to deputies from the presidential camp. “Bruno is in his role, defends Charles Sitzenstuhl, elected Renaissance du Bas-Rhin, former advisor to Bruno Le Maire. We are not going to have a finance minister who says: “Go ahead, increase France’s debt!” »

This budgetary textual content would require activating article 49.3 of the Constitution to keep away from a vote by Parliament. The excellent alternative for the Les Républicains (LR) get together to attract out the movement of censure which they proceed to threaten, calling out the insincerity of public accounts. The maneuver, if profitable, may trigger the autumn of the federal government and worsen the present political disaster. “Bruno Le Maire provokes us”feedback Eric Ciotti, boss of LR.

Read the decryption | Article reserved for our subscribers At 5.5%, the slippage within the 2023 public deficit locations the federal government in embarrassment

“We’re staying the course”

Emmanuel Macron, who is claimed to be exasperated by the quantity two within the authorities, invited himself this Monday to the coordination assembly of the bulk which occurred just a few hours earlier, to place an finish to the “brouhaha”. “I hear about PLFR. I don't see the point. The government must do things seriously to meet our objectives. We do not have a problem of excessive spending, but a problem of less revenue”thunders the President of the Republic below the attention of the Secretary General of the Elysée, Alexis Kohler, based on feedback reported by Le Figaro and confirmed by the Elysée. “In the coming days, everyone will be responsible for their own expenses,” he continues, including: “It doesn’t must be a sausage truthful. We want the calm of the outdated troops. » An allusion to the concepts launched right here and there by Bercy, earlier than any arbitration is made, to fill the budgetary gap.

You have 62.12% of this text left to learn. The relaxation is reserved for subscribers.