Under the 6%mark, the 2024 public deficit finally “a little better than expected”

The Minister of Public Accounts, Amélie de Montchalin, announced that the public deficit, initially expected at 6% in 2024, could ultimately be “a little better than expected”, thanks in particular to a less important social security deficit. © Jean -Paul Comparin/Adobe Stock – The 2024 public deficit could prove to be “a little better than expected” when the INSEE forecasts are published on March 27. Save save Receive the alerts Public deficit The 2024 public deficit could finally be below 6%. Amélie de Montchalin, Minister of Public Accounts, indicated this Wednesday, March 19, that France’s deficit could prove to be “a little better than expected” when Insee forecasts on March 27, as BFMTV reports this Thursday. A result which would be explained in particular thanks to a deficit in social security which “would be 15.3 billion (euros), where it was still a question (…) of 18.2 billion deficit” during discussions on the social security budget, she explained. In addition, the “slowdown in a certain number of operating expenses” at the end of the year would be another factor of explanation. And “these two elements should lead us to have a deficit (…) which potentially could be a little better than 6%,” said Amélie de Montchalin, who was auditioned by the senators of the finance committee alongside the Minister of Economy Eric Lombard. Read also: Defense: Bercy announces a need for 5 billion euros, then, who will pay? Limit the public deficit to 5.4% of the pible two ministers were questioned about the reform of VAT franchise thresholds, defense measures and their financing, the level and reliability of tax revenue, or even the preparation of the finance bill for 2026 in particular. “The execution of this beginning of the year shows all the rigor that we want to put in the management of this budget,” said in the preamble to Eric Lombard. This year wishes to limit the public deficit to 5.4% of GDP, against around 6% last year. “I confirm that we aim, despite the increased effort in defense, to be below 3% (GDP) in 2029, it is also a European commitment,” assured the tenant of Bercy. To read also: Defense: The Governor of the Banque de France says no to everything “whatever it costs” about monitoring budgetary execution, “we have reserved a little more than 8 billion euros (…) The novelty is that this reserve is interministerial”, because “there are great ministries which have little hazards” and others much more, defended Amélie de Montchalin, citing the Ministries agriculture. It also recalled the government’s desire to reduce credits postponement, which amounted to 23.5 billion euros in 2024 and which should increase to 16.8 billion euros in 2025. Receive our latest news every day, the selection of the main news of the day. (tagstotranslate) from public public

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