2022 finance bill: "burn the cash register" before the French presidential election?

French Prime Minister Jean Castex, October 5, 2021 at the National Assembly, in Paris.

AFP - STEPHANE DE SAKUTIN

Text by: RFI Follow

1 min

The 2022 finance bill arrives at the French National Assembly.

Objective: final adoption before Christmas.

This budget is based on strong growth in the economy, after the recession caused by the management of the pandemic last year, and gives priority to the regal.

This is the last PLF of the five-year term, between electoral deadlines and the announced end of "whatever the cost".

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The government is calling for a “

 ”

budget 

.

Bercy also promises efforts to reduce the deficit which widened during the crisis.

This should not go through an increase in taxation.

The schedule of tax cuts decided before the pandemic is even maintained.

Instead, the executive intends to use part of the revenue generated by growth, expected at 6% this year, then 4% next year, to begin to fill this deficit.

That said, the High Council of Public Finances ensures that it cannot give a fully enlightened opinion on the possibility of reducing to a deficit of 4.8% of GDP ...

Two parts are indeed missing in the current finance bill: Emmanuel Macron will present his France 2030 investment plan only on Tuesday and the contours of the commitment income for young people are still uncertain. 

On the contrary, an increase of nearly 12 billion euros has already been announced in black and white concerning the spending of the ministries.

The sovereign ministries are doing their best. National Education also sees its envelope inflated to increase the remuneration of teachers. 

Valérie Pécresse, presidential candidate on the right at Les Républicains, accuses the government of " 

 " before the election.

On the left, Éric Coquerel, member of the Insubordinate France party, believes for his part that " 

".

► Also listen: The last five-year budget "is a decrease compared to 2021"

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• Emmanuel Macron

• Jean Castex

• France

• Presidential France 2022

• Finance