France: Debt will cross the €3 trillion mark in the coming weeks

PARIS (Reuters) – France’s debt will cross the 3,000 billion euro threshold in the coming weeks and the debt burden will rise to 51.7 billion euros next year, the Minister of Accounts said on Sunday. public, Gabriel Attal.

In an interview with the Journal du Dimanche, Gabriel Attal also states that the 2023 budget, which will be presented by the government on Monday, will result in a reduction in income tax of 6.2 billion euros.

“Over the five-year period, we plan to reduce the weight of public expenditure from 57.6% to 53.8% of GDP”, indicates the minister. “Next year, the expenditure of the State and its operators will fall by 2.6% in volume compared to 2022.”

Gabriel Attal also makes it known that the devices of the recovery plan will be reduced by 8 billion euros and that the Social Security budget provides for savings in the sectors of medical biology, imaging and temporary medical work.

The minister adds that the government will carry out the pension reform that President Emmanuel Macron considers a “necessity”.

“We will reform pensions. Our plan is in deficit,” said Gabriel Attal, adding that the abolition of special plans remained topical.

(Written by Matthieu Protard)

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