Paris (AFP)

Slow growth, deficit forecast, income tax cut ... Here are the key figures of the 2020 finance bill that will be discussed Friday in the Council of Ministers.

1.3%

This is the level of growth the government plans for next year. This is a little less than the 1.4% increase he announced in Brussels in the spring, in line with that expected this year.

The Ministry of Economy and Finance has notably integrated the slowdown that is already affecting the global and European economy and the risks linked to trade tensions.

French growth, however, should hold up better than that of our neighbors, led by Germany, thanks to domestic demand supported by household consumption, business investment and lower unemployment.

2.2%

This is the public deficit that should be reached next year. After having crossed in 2011 the threshold of 3% (3.1%) required by the European treaties because of the transformation of the tax credit competitiveness employment down social contributions, the government expects a sharp decline next year .

However, he had to review his ambitions after the announcements of the President of the Republic in response to the movement of "yellow vests". The executive initially targeted 2%.

"It is true that we said we would lower it faster but we are conducting our policy with realities, not with accounting," defended the Minister of Public Accounts Gerald Darmanin last week in an interview with the Parisian.

Public debt is expected to decline as a percentage of GDP, to 98.7% next year, from a jump to 98.8% this year.

5 billion

This is the amount of income tax reduction for households promised in late April by Emmanuel Macron at the end of the "big national debate" supposed to respond to the crisis of "yellow vests".

This tax cut will soften tax entry for new taxpayers, with a 3-point drop in the first-tranche tax rate, which affects 12 million households, out of $ 16.8 million. who pay the income tax.

2593

The thinning of the state civil service will mark the step, with 2,593 job cuts planned next year, against 4,100 this year (and 1,600 in 2018). In proportion to their workforce, the Ministries of Health and Ecological Transition will be the most involved.

The government therefore ratifies the fact that it will not reach the presidential commitment of Emmanuel Macron to remove 120,000 positions in the public service during the five-year period, of which 50,000 on the perimeter of the State (the rest concerning the territorial civil service ). This summer, Mr. Darmanin mentioned the figure of 15,000 in the state civil service.

© 2019 AFP