It remains only one unknown, of size, around the draft budget for 2020: the savings on the expenditures that will have to emerge. Given the set of constraints laid down by the president of the Republic and the prime minister post-movement of the "yellow vests", and especially the massive drop in the income tax determined for the middle class the next year, the budget cuts will act as a last adjustment variable before the looping of the finance bill.
"Let's be clear: lowering taxes by 5 billion euros, in a time, will force us to make choices to contain our public spending", was recognized Wednesday, Édouard Philippe, during his general policy speech. Since the release of the great debate in April, the announcements of the two heads of the executive were replaced, de facto, the letters "framing" sent traditionally a little earlier in the season to the ministers in order to specify constraints on ...