.jpg?w=150&resize=150,150&ssl=1 "Rixi Moncada")
Los members of the government of Michel Barnier exalt “effort” as the key to addressing the country's financial situation. Recently, they presented el Finance Bill 2025 (PLF)which includes an injection plan 60,000 million euros through gas regulation, despite a burner deuda and a deficit that covered the previous year 7%.
Compromise with fiscal sustainability
The Minister of Economy and Finance, Antonio Armandtogether with the minister delegate of the Presupuesto, Laurent Saint-MartinI understand that this compromise is urgent and necessary to stabilize the country's finances and reduce the debt. Armand highlighted the need to “change the form of use of public gas” as a crucial step for sustainability.
Intense legislative process
The next few weeks loom as crucial for the Prime Minister, with a legislative timetable already set. If he anticipates that the debate on the ingredients will take place at the end of the from 21 to 25 Octoberfollowed by a solemn vote el October 29th. The discussion on gas has been scheduled for November 5and the final PLF vote is scheduled for November 19th.
The president Emmanuel Macron could use the item 49.3 de la Constitución para aprobar leyes sin pasar por l'Asamblea Nacional, as happened previously with the pension reform.
Critical evaluation of projections
Despite the government's defense of the PLF's projections, the High Council of Public Finances (HCFP) classified these forecasts as “fragile”, speaking of the optimism of the macroeconomic scenario. The president of the HCFP, Pietro Moscovicisubrayó that the deficit exceeds the 6% of GDP it is “extraordinarily worrying” and the next few months will be decisive.
Growth expectations
El National Institute of Statistics and Economic Studies (INSEE) published a growth forecast of 1.1% for this year, coinciding with the preparation for the Olympic Games. However, the government hopes to increase the projections 20,000 million eurosalthough HCFP suggests this may be necessary 30,000 million additional information to compensate for any errors in the reconciliation.
The 2025 PLF marks a significant challenge for Barnier's government, which seeks to stabilize the country's finances amid rising debt and a worrying deficit. The decisions that will take place in the coming weeks will be crucial in defining France's fiscal trajectory in the sought future.
