Michel Sapin is the great financier of France between two waters. If growth begins to leave with 0.6% GDP growth in the first quarter, twice as much as Germany and the UK, Brussels and praised its efforts to reduce the deficit, the Hexagon has still strive to find savings.
The finance minister must therefore strive to play a delicate balancing game by trying to curb or reduce expenditures without burdening the beginning of recovery ahead. Hence the many challenges currently facing Michel Sapin.
& gt; Sustaining Growth
Asked to react again on the figure of 0.6% released Wednesday by INSEE Michel Sapin said that “this is a good number but not just a number: c is a good reality. ” Although the minister “also knows that some sectors, such as construction, are not doing better.” “But overall the economy is getting better,” he added.
It considers that this good statistics “shows that our policy has positive results on one condition: that it be done in time.” Michel Sapin wants to convert the try. “0.6% growth is good but it has to last.”
The missing element in this growth is sustainable? “It remains a decisive element: business investment reparte There he has just increased.” Replied Michel Sapin. He noted in passing that the executive announced in April “special help” to promote investment in 2015 is the “decisive year.”
Asked a possible acceleration of growth to more than 2%, Michel Sapin was cautious. “I think the growth rates are not what they were,” which he said is not “very serious” for unemployment because “it is possible to reduce unemployment with lower growth rates” if the growth “is higher in jobs.”
In addition, with this higher growth, Michel Sapin has assured that the government will not change its policy because “change policy is the certainty of having no result.”
& gt; Sanctuariser culture
Michel Sapin was asked to respond to statements by Manuel Valls. The prime minister said Sunday that lower Budget Culture the first two years of the five-year term was “a mistake.” “One thing is certain: we can not consider funding of culture as the other,” said the finance minister. “It is a question of identity.”
He reiterated a promise to pass “the budget of Culture has not fallen and did not decline, nor in 2015 nor in 2016″. This will “kept in the state,” he explained.
& gt; Amplifier tax cuts
“The French have paid more taxes in recent years since 2011. French who paid tax on income which are thus to pay the income tax, “said Michel Sapin.
“What did we do today?” has he pretends to question. Minister’s Response: lower the tax of the poorest French .
“We started last year (to do so, note), we will amplify this year,” he promised while ensuring that these cuts “are not paid by others “.
Michel Sapin has been stressed once again the tax ras-le-bol the French have repeatedly manifested. This tax increase, which he attributes partly responsible Francois Hollande and the other half to Nicolas Sarkozy, “hit the French. He said they were ‘out there has something wrong”.
In this context “any tax increase would contradict the message of confidence” that the government wants to send.
However Michel Sapin believes that one should not refrain tax reforms. He cited “ the merger of income tax and the CSG which is something clever because it puts the court in the payment of the CSG”.
& gt; Rationalize expenditure
“All the world is for the reduction of public expenditure except when it concerns”, said Michel Sapin for whom “the right way to reduce public spending is to control sectors. ”
He gave the example of housing policy for which the state spends 41 billion euros . “Basically it is the first budget of France,” he deduced, considering that “there is a problem” on the effectiveness of this envelope.
Michel Sapin account and save “several hundred million euros over the policy” while allowing “preserve the economic effect” of this policy. Will there be more than one billion in savings over this position? No. “A billion is not bad!”, Thus argues Michel Sapin.
Finally, the minister said it was “necessary” to pass reforms. “Today a France stopped it would be a France doomed. It takes a France in motion, in the direction of progress,” he concluded.
No comments:
Post a Comment