The different purpose why Bercy could have problem imposing its 2025 price range | EUROtoday
Get real time updates directly on you device, subscribe now.
She newest annual finance invoice won’t be straightforward. The resigning Minister of Finance, Bruno Le Maire, will definitely not have to vary his copy a lot in comparison with final 12 months since, in accordance with the “ceiling letters” despatched by Matignon on Tuesday, August 20, to the varied ministries, the price range for 2025 must be the identical as that of 2024, i.e. 492 billion euros. He will nonetheless have to search out the ten billion euros of financial savings to which the chief has dedicated, in opposition to a backdrop of slippage in public accounts.
But, in a National Assembly with out a clear majority, the Bercy tenant has misplaced a serious asset to rally the deputies to his model of the textual content. The place of basic rapporteur of the price range, occupied till the dissolution by Jean-René Cazeneuve (Ensemble pour la République), now falls to Charles de Courson (Liot group). The latter benefited, throughout the election of the bureau of the Finance Committee, on July 20, from the votes of the members labeled NFP. Equaling the votes of Jean-René Cazeneuve – aged 66 –, he was elected on the advantage of age – he’s 72.
The price range rapporteur basic, a negotiating function
Jean-René Cazeneuve sees this as a distortion of the establishments. “Sarkozy's constitutional reform in 2008 established a division of roles,” he explains. “On one side, we have the chairman of the Finance Committee, who must come from the opposition. He schedules the meetings and hearings. On the other, the general rapporteur must find compromises between the text drafted by the government and the different positions adopted by his fellow MPs – all of whom he represents, whatever their leanings.” Both the chairman and the final rapporteur have limitless talking time within the debates, giving them ample time to make their very own opinions heard.
The texts don’t specify something in regards to the group from which the final rapporteur should come. But, for Jean-René Cazeneuve, “implicitly, the constitutional reform provides that the general rapporteur must be from the majority. Otherwise, you have a monopoly on the opposition's speech and a broken bond of trust with Bercy.”
“What majority are we talking about?” replies Charles De Courson. “Yesterday, they were in a relative majority. Today, they are in the minority with 162 deputies. We must stop pretending that they are in the majority. I would add that these observations were not made about the rapporteur of the Social Security bill, even though a Republican was elected, and he claims to be in the opposition.”
Charles de Courson, scarecrow for the presidential camp
The Liot group MP could also be scaring the chief for the reason that movement of censure he tabled in March 2023 narrowly missed adoption, by 9 votes. “Having 'practiced' it when I was general rapporteur of the budget,” says former Socialist MP Christian Eckert, “I can testify that Charles de Courson has always been very diligent and very active, always with an eye for detail. I see him as a bit of a thorn in the side of the majority.”
Charles de Courson assures the Point that his solely compass would be the restoration of public funds. And already addresses some pink strains to the resigning Minister of Finance. “Bruno Le Maire must count on a rate of 1.0 or 1.1% in his draft budget, rather than continuing to bet on a sudden increase in the growth rate.”
Seeking “fair savings and fair tax increases”
MP Liot requires looking for “fair savings and fair tax increases”. For financial savings, the ceiling letters ought to attain him shortly, in addition to the chairman of the Finance Committee, Éric Coquerel. On the income facet, “Thomas Cazenave and Bruno Le Maire confirmed to me that the draft budget for 2025 will provide for taxing share buybacks and will extend the contribution on the inframarginal rents of electricity producers”.
The concept of a tax on share buybacks had been swept apart by the federal government within the fall of 2023. But the thought has apparently come again into vogue throughout the authorities given the immense tax windfall: in 2023, the CAC 40 teams acquired 30 billion euros price of their very own shares. “We need to have a debate on the tax base,” believes Charles de Courson. “It seems obvious that we need to exclude everything that is a buyback by employees. And then we need a debate on the rate. France will have to look at what the United States is doing in particular.” [où les rachats d’actions de sociétés cotées sont taxés à hauteur de 1 %, depuis janvier 2023, NDLR]. »
The contribution on the inframarginal rents of electrical energy producers, for its half, consists of the taxation of extra earnings for corporations within the power sector solely. This system has been in drive for the reason that annual finance regulation for 2023. While the primary forecasts have been based mostly on 12.3 billion euros in income, the State solely collected 2.8 billion in 2022 and 2023. “The whole question is to know from how many euros we fall into a rent situation”, judges the brand new rapporteur of the Finance Committee.
https://www.lepoint.fr/politique/l-autre-raison-pour-laquelle-bercy-aura-du-mal-a-imposer-son-budget-2025–23-08-2024-2568488_20.php