The “pace” of tax cuts will depend on growth, for Bruno Le Maire

2023-07-09 12:18:00

“We want to continue in this direction of lowering taxes on households and businesses alike”indicated Mr. Le Maire on LCI, reiterating on the sidelines of the Aix-en-Provence Economic Meetings the tax relief strategy followed for years by the government.

“Then there is a reality. We are perfectly aware that there is a slowdown in growth everywhere in the world, especially in Europe”he added.

“At the end of September, on the occasion of the presentation of the draft budget for 2024, I will give the new growth prospects for 2023 and 2024”he continued. “We will see if this slowdown also translates into a slowdown in growth in France. From there, I will make proposals to the President of the Republic on the rate of tax cuts”.

The government is currently counting on a 1% increase in France’s gross domestic product (GDP) in 2023, a forecast higher than that of INSEE (0.6%) and the Banque de France (0.7%). . It then anticipates growth of 1.6% in 2024.

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