Austerity, did you say austerity? This word often appears to attack Sébastien Lecornu. CGT protested “government budget savings”. The workforce is concerned about a “flood of austerity threatens workers”. “Savings are inevitable”said the alter-globalization association Attac. Those who declare the Prime Minister’s plan a draconian austerity solution are seeing nothing, the Montaigne Institute warns in a rich and quite worrying note, published Wednesday 26 November.
According to the liberal think tank, which is funded by more than 150 major companies, the current efforts of elected officials provide only a small glimpse of what lies ahead for the country. Because the time to make real sacrifices is approaching, according to the Montaigne Institute, which provides an unprecedented forecast. A way for employers to prepare the ground for the implementation of unpopular measures, in the budget under discussion, but especially in the following measures.
For its calculations, the Institute placed estimated state revenues in 2029 in one column, and estimated spending in another column, with policy unchanged. The result? The risk is that spending increases faster than income, thereby exacerbating the deficit, especially due to sharp increases in costs that are considered incompressible: debt interest payments, France’s contribution to the European Union, and the military budget.
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