Politics · France · 13 hrs ago

France’s Court of Accounts proposes savings of up to €38 billion

France’s Court of Accounts proposes savings of up to €38 billion

France’s Court of Accounts proposed 18 ways to cut public spending and reduce the deficit.

The proposals could save up to €38 billion, with €11 billion to €14 billion already included in the 2027 budget.

They include freezing social benefit increases, raising some VAT and limiting reductions in social contributions.

The Court estimates that a one-year freeze on public-sector promotions and advancement could save about €3.8 billion to €3.9 billion.

The proposal has drawn criticism from unions, which say it would undermine a key feature of public-sector employment amid tense pay conditions.

The Court says its proposals are intended to help lawmakers weigh options as France’s growth outlook worsens.

Senate budget discussions have resumed after the National Assembly rejected two budget texts, but the proposals are not yet adopted.

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What people are saying

Amélie de MontchalinFirst president of the Court of Accounts
We cannot be content with repeating warnings.
via franceinfo
This is not a counter-budget, nor an alternative budget.
via Le Monde