A clearing on the horizon as inflation has a strong impact on the French population? The Minister of the Economy Bruno Le Maire indicated on Tuesday that the tax cuts for households promised in May by the President of La République, of at least two billion euros, would be carried out “if possible from the 2025 budget. “.
This tax relief, “we will do it as soon as possible, if possible from the 2025 budget”, said the tenant of Bercy in an interview at Figaro, while Emmanuel Macron had promised these reductions by 2027.
Use 49.3
After the abolition of the housing tax and a reduction in income tax, Emmanuel Macron promised last May additional tax cuts for “the middle classes” with “income between 1,500 and 2,500 euros “.
Bruno Le Maire also confirmed that the government would present the public finance programming law (LPFP) in an extraordinary session, which makes it possible to use 49.3, “because the LPFP represents a major challenge for the country”.
This law “should allow us to return to a level of public debt of 108% in 2027 against more than 112% today and to go back below 3% of public deficit”, added the minister.
Inflation in France
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A 75% tax deduction for donations to food banks
While welcoming France’s growth, Bruno Le Maire said he was “lucid about the fragility of our economic environment”, citing “the level of interest rates, which will remain high for a long time” and “the economic situation of Germany, which is our first economic partner”.
In the midst of food inflation, and while the Restos du Coeur called at the beginning of the week for solidarity due to financial difficulties, Bruno Le Maire announced that the government would maintain in 2024 a tax deduction of 75% for donations to banks groceries up to 1,000 euros.
This ceiling was raised in 2023 from 500 to 1,000 euros. “If parliamentarians wish to enshrine it in law in a permanent way, the Prime Minister and I are open to this subject”, he added.