#2022-17262023 Budget Act
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The 2023 Budget Act outlines the French government's financial plans, specifying expected revenues and expenditures. It sets fiscal targets, including debt and deficit levels as a percentage of GDP, and allocates resources across various sectors, impacting public services and infrastructure investment.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Sets fiscal targets including debt and deficit levels.
- Allocates resources across different public sectors.
- Adjusts forecasts based on economic predictions.
Obligations
What this law requires
Achieve a structural balance (solde structurel) of -4.0 points of potential GDP for 2023
Maintain Maastricht debt at or below 111.2% of GDP for 2023
Achieve an effective balance (solde effectif) of -5.0% of GDP for 2023
Limit mandatory levy rate (taux de prélèvements obligatoires) to 44.9% of GDP for 2023
Reduce public expenditure (excluding tax credits) to 56.9% of GDP or €1,572 billion in 2023