MPS must lead, tomorrow, the policy debate on public finance, prior to the development of finance 2010 Bill. The Budget Minister, Eric Woerth, submitted them relatively dark assumptions: public deficit would be between 7 and 7.5 of GDP in 2009 and 2010 growth not exceeding 0.5 next year. In its report information, MP Gilles Carrez does not exclude a still more black scenario, in which growth would be zero in 2010 and the payroll down 2. The public deficit would then reach 8.4 of the GDP, a level very close to that provided by the OECD (8.3). Exposed to the excitement of social spending and the decline in tax revenues, local communities would see their need for funding to degrade 15 billion euros, an unprecedented level. In this context, the "future spending" announced by Nicolas Sarkozy should be mandatory "funded by redeployment", insists the rapporteur of the budget.
The Government discussed yesterday, new spending for the future, funded by a large national debt. Is it sustainable for public finances
This loan should not add to the public debt, which grows day by day. Future expenses to decide will have to be offset, in due proportion, by the reduction in operating expenses (number of officials, etc.). If it is proposed to individuals, the loan must offer a rate of interest of at least 3, making it quite expensive in relation to that offer financial markets. With my colleagues, we also discussed the idea of a compulsory loan at nil or low rate which would be applied to affluent households. The solidarity of the rich in the crisis that we express, not by tax hikes, but by a partial mobilization of their savings.
The Act provides that the new tax expenditure (VAT recovery, business tax) are compensated in due proportion by the reduction of other tax expenditures. Must the rule be respected in 2010
This is more necessary than ever. I am thinking in particular of tax that represents, in the proposals made by the Board of Finance of the Assembly, a net cost of 4.5 billion euros for the State. I am well aware that a temporary tax increase proposed by members, constitutes a delicate display for companies. Otherwise, should make progress on the carbon tax as early as 2010. Pending the climate energy contribution, could tax the energy consumption in respect of its CO2 emissions. Should therefore increase taxes on existing energy, the internal on petroleum products (TIPP) tax on natural gas and coal ratio. We can expect 4-5 billion of these various taxes, starting with a tonne of CO2 emitted 30 euros upgrading. The impact on the price at the pump would be of the order of 7.5 eurocents for the super, 8.5 cents for diesel. Business gas consumption would be overbilled 6.5 cents per kilowatt hour.
Do you offer other savings measures in the budget debate
As last year, I want to reduce the magnitude of the fiscal and social niches. I hope between 500 million and 1 billion savings in 2010. Should consider the restoration of the DRES CSG on completeness of securities and real estate gains and make taxable labour accident benefits, as is the case for illness and maternity. Other ways are possible even if all I am aware, are difficult. And, as soon as we emerge from the crisis, we need to restore the extremely costly device exemption of employer social costs flat. The deficit of the budget of the State and accounts is untenable. It is our duty to think about future generations. And it is a key issue of what we now call sustainable development.
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