The cause is increased social spending, while departmental revenues should be strongly affected by the slowdown in the real estate market.
As for the regions, the situation is hardly more encouraging: their gross savings are expected to fall by 12%, with a drop in consumption which should have a significant impact on indirect taxes such as VAT.
Only municipalities could do well, with an improvement in savings of around 21%. Overall, all communities would experience a deficit of 2.6 billion euros in 2023, which could increase to 2.9 billion euros in 2024, according to the Court of Auditors.