However, according to Economy Minister Bruno Lemaire, despite the extraordinary spending, there is no question of not reaching the target for the deficit, which has been set at 5% of GDP in 2023.
French Prime Minister Elisabeth Borne announced a €45 billion fund to be used in 2023 to support households and businesses affected by the energy crisis. As Le Monde newspaper reports, this amount is almost equivalent to the money that has been spent since the fall of 2021 for all purchasing power support measures.
“To avoid unsustainable increases in gas and electricity tariffs for households, we are going to extend, in 2023, the tariff shield mechanism for all households, social housing, small businesses and smaller municipalities“, Bourne said yesterday presenting the proposals. With the tariff shield, the increase in gas and electricity prices will be limited to 15% for the French instead of 120%”, the Prime Minister reminded, noting that the massive increases mentioned as examples “they are not theoretical, they are the reality of what tens of millions of households in Great Britain, Italy or Germany experience”,
However, according to Economy Minister Bruno Lemaire, despite the extraordinary spending, there is no question of not reaching the target for the deficit, which has been set at 5% of GDP in 2023.
RES-EMP
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I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
