Gérald Darmanin Opposes Tax Increases Amidst Budget Deficit Concerns
In a recent political comeback in Tourcoing, Gérald Darmanin, the former Minister of the Interior, voiced strong opposition to any potential tax increases under the new government of Prime Minister Michel Barnier. Speaking at a gathering attended by notable political figures including Gabriel Attal and Xavier Bertrand, Darmanin emphasized that many in the government would reject a tax hike, stating, "There will be many of us who will not be able to support a government that would increase taxes." He highlighted that while the proposed tax increase would primarily affect the wealthiest citizens, the funds should be directed towards job creation rather than public coffers.
Darmanin's remarks come just days before Barnier's anticipated general policy statement to the National Assembly, where he is expected to address the country's significant budget deficit. This deficit, projected to exceed 6% of GDP in 2024, has raised concerns among government officials about the need for fiscal responsibility and potential tax reforms.
Michel Barnier's Government Faces Budgetary Challenges
In an interview with the Journal de Saône-et-Loire, Prime Minister Michel Barnier assured the public that he would protect "those who work, who produce" from tax increases. However, he acknowledged that exceptional contributions may be required from those who can afford it to address the unprecedented deficit. Barnier is set to present the 2025 budget project next week, where he will outline his government's fiscal strategy amidst rising borrowing costs, which have reportedly made France's borrowing rates comparable to those of Greece.
As Barnier prepares for his first official trip to Mâcon for the national congress of French firefighters, the political landscape remains tense as both he and Darmanin navigate the complexities of fiscal policy and public sentiment regarding taxation.
