A few days before the presentation of the draft budget law for 2015, the government is back to the wall after interviewing Francois Hollande, Tuesday, Sept. 9 in. end of the afternoon, the Minister of Finance, Michel Sapin, accompanied by State Secretary for the Budget, Christian Eckert, announced Wednesday morning, the revised forecasts for growth, inflation and public deficit for 2014 and . 2015
No question, this time beating around the bush: none of reaffirmed in June at the amended Finance Act goals will be held “It is a discourse of truth. I want to go today “, warned Mr Sapin. And the truth is that in 2014 growth, which was zero in the first two quarters, will, under the new assumptions government, only 0.4% instead of 1% as foreseen in the program from 2014 to 2017 and maintained stability in the supplementary budget in June. growth forecast for 2015 is also revised to 1%, against 1 7% expected in the spring
Second parameter. inflation, which remains at an extremely low level, despite recent decisions by the European Central Bank (ECB): “The return of inflation more normal can only be gradual and the ECB itself sees inflation back to its 2% target that by 2017 “ says Mr. Sapin. The government now expects an inflation rate of 0.5% in 2014, instead of 1.2%, and 0.9% in 2015, instead of 1.5%.
A DEFICIT TO 4 …
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