The Minister of Economy confirms that “targeted levies on the most affluent households and on businesses” are “under consideration” #FrenchFinance

“We have one of the worst deficits in our history,” according to Antoine Armand, who insists on France Inter that the country’s financial situation is “serious.”

“We will work to the extent that the situation is serious.“, insists Antoine Armand, new Minister of the Economy at only 33 years old, guest on France Inter Tuesday September 24. No question of increasing taxes for the middle classes, but “targeted levies on the wealthiest households are under consideration“, he confirms.

“The Prime Minister has been very clear that we are not going to increase taxes on those who work, who are part of the broader middle class. That is my job, that is my mission, and I am very committed to it, because it is the basis of the social contract.“, underlines Antoine Armand.

Another line of thought, “targeted levies on businesses“, he says, “in connection with them so that it is as effective as possible and has the least impact on growth“. “But we must look at the issue as a whole.“, insists the minister.”I hear that companies are ready for it. We will work on it together.” he announces.

“The method is to preserve employment, also to preserve the purchasing power of all French people, and then to ensure that the effort is distributed. Households and businesses“, adds the Minister of Economy.

“We have one of the worst deficits in our history.“, according to Antoine Armand who insists that the country’s financial situation is “severe“. He assures that he is working with the new Minister of Public Accounts, Laurent Saint-Martin, to present “something credible“as the deficit has slipped in 2023, reaching 5.5% of gross domestic product (GDP).