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Emmanuel Macron has commented on François Bayrou’s proposed budget, aimed to save more. He said he has spent a total over 43 billion euros, that proposed budget and is now facing a vote of confidence on September 8th. After he increased the deficit of the government. The president “accepts” his share of responsibility for the country’s economic situation.
“I take responsibility for my part.” To mark his return to work, Macron spoke at length with
JDNews on Tuesday, August 26, notably addressing the draft budget bill championed by his Prime Minister, François Bayrou, and the proposed €43.8 billion in savings. The President of the Republic was keen to acknowledge his responsibility for the increase in the public deficit, “This part represents the protection of the French people in the face of historic crises: it represents the wages paid during Covid, the electricity bills frozen during inflation, and the indexed pensions,” he explained.
“When we analyze the increase in debt, we see that it increased by 2.3 points of GDP per year for President Mitterrand, by 0.9 points for President Chirac, by 5.3 for President Sarkozy and by 1.4 for President Hollande. Since 2017, we are around 1.7 points of GDP per year with a pandemic (Covid), the return of war in Europe for the first time in decades (the war in Ukraine) and historically high inflation in 2022-2023 ,” he explained to the newspaper.
“You have to work to pay it back.”
“I also acknowledge today that after spending a lot to protect, we must save and work to pay it back. And I find it peculiar that the political parties that thought we needed to spend more during the crises are now saying we need to pay back less,” continued the head of state, who is thus targeting the opposition parties that could bring down François Bayrou on September 8 by not voting confidence in the Prime Minister.
Emmanuel Macron called on political forces to find “paths to compromise and stability, as is the practice throughout Europe,” mentioning a “heavy responsibility” should “disorder” occur. The President also addressed the planned social movement of September 10th, asking demonstrators to “express themselves while respecting the rule of law.”
