In 2020, the government will contain the deficit without making significant cost savings

The effort, rather, it is to the other. This Thursday, Bercy started to lift the veil on the broad lines of the draft budget of the State for 2020. The deficit

In 2020, the government will contain the deficit without making significant cost savings

The effort, rather, it is to the other. This Thursday, Bercy started to lift the veil on the broad lines of the draft budget of the State for 2020. The deficit is projected to be contained at 2.1% of GDP, below so the threshold maastrichtian of 3 % and the deficit projected for 2019: 3.1 %... or 2.2 %, if we do not take into account the added cost of an exceptional and temporary measure linked to the transformation of the CICE in lower long-term employer contributions.

At this stage, the government seems to be mainly the contribution from companies. Between the reduction of taxes less than expected and planing, tax loopholes, they will contribute to a total of € 1.3 billion to control the deficit next year. The very big companies will have in effect merely a reduction of the corporate income tax 33.33 % to 31 %, instead of 30 % as envisaged in the recent or even 28 %, a rate that will effectively SMES in 2020 and such that the trajectory passed by the end of 2017 anticipated. An operation to 700 million euros, to ...

Updated Date: 16 July 2019, 00:00

Kathleen Lees

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