Bruno The Mayor said, Tuesday, that additional tax revenues due to strong growth would go to the repayment of the debt, refuting the idea of a “kit”.
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This is a classic fiscal year at the end of the year, to adjust the state accounts. But, five months of the presidential election, while the purchasing power came back in force in the concerns of the French, it takes a particular turn. Presented Wednesday, November 3 in Council of Ministers, the second 2021 amending finance bill endorsed several measures taken in recent weeks by the government to try to respond to concerns about the subject.
In particular, the extension of the Energy check announced in mid-September by the Prime Minister, Jean Castex (580 million euros), and the essence of the “inflation allowance”, presented ten days ago , for persons winning less than 2,000 euros net per month (3.6 billion euros on the 3.8 billion total cost of the measure, which correspond to the compensation by the State of the organizations that will pay these sums : Social Security, Pôle emploi …).
The amending finance bill will also include 400 million euros on the 900 million skills plan for long-term unemployed, and two billion euros to bail off France skills, the national governance body which distributes the funds of training and learning, victim of its success. Some 240 million will be paid for museums and the living show, as compensation of the health crisis, as well as 500 million freezing compensation for farmers. The tariff shield freezing the price of gas and electricity should be financed by 2022. In total, more than 7 billion euros of new expenditure will be entered in this amending budget.
On the revenue side, the government will garner additional tax-revenues (nearly $ 5 billion). At issue, cyclical embellishment: GDP grew by 3% in the third quarter, exceeding the most optimistic forecasts. The High Public Finance Council, responsible for giving an opinion on the budget trajectory, also indicated Wednesday that “the government’s growth hypothesis should be exceeded”. He regretted between the lines of having been seized before the publication of these best than expected figures, which may again modify the budget trajectory. The Minister of the Economy, Bruno The Mayor, who had revised mid-October rising growth, at 6.25% for this year, did not readjust his forecasts.
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