Home » Economy » Budget: the State is preparing to borrow a record amount on the markets in 2024

Budget: the State is preparing to borrow a record amount on the markets in 2024

by Alexandra Hartman Editor-in-Chief

2023-09-27 06:42:22

Published on September 26, 2023 at 7:33 p.m.Updated September 27, 2023 at 8:42

After three years of “whatever it takes”, is it still possible to put on the role of guardian of the budgetary temple? The Minister of Finance, Bruno Le Maire, intends to succeed in this exercise with the presentation this Wednesday of the finance bill (PLF) for 2024. An imperative given the tense financial situation, with a new record expected in terms of borrowing amounts on the markets next year.

The tenant of Bercy is in any case determined to dramatize the moment to mobilize his troops. It must be said that he feels his voice is somewhat isolated on this subject, while demands for new spending – to limit the effects of soaring food or gasoline prices, to put public services back on their feet, to facilitate the climate transition – appear every day. Emmanuel Macron himself did not hesitate to announce new aid – on fuel – barely three days before the presentation of this PLF.

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