No consensus on rules for public finances
June 27, 2010
That France would do away with government deficits? Everyone agrees with this idea … But when we turn to concrete measures, things get complicated. Even when there is only mention of governance rules are supposed to help achieve the goal. Group to consider this issue, the working group led by Michel Camdessus did not reach complete consensus. The report presented yesterday to François Fillon said explicitly. The proposal to reserve the tax measures of financial laws and the laws of social security funding has been validated without mishap. Like the increased role of alerting the ECA.But the parliamentary members of the group did not wish to be created an advisory panel of independent experts, who expressed his opinion on the quality of the assumptions used by Bercy to build the state budgets and Safely (growth, development recipes, etc..).
"We already have a plethora of such a body …", said Gilles Carrez, UMP rapporteur of the Finance Committee to the Assembly. "For the rules of good management are met, an independent committee should, as in Germany, Sweden and the United Kingdom," replies the economist Jacques Delpla.
Another bone of contention is more technical. All members have validated the principle of a legal framework programming Multiyear, 3 or 5 years, the report leaves. The laws of finance and financing the social security system must meet each year this framework law, on pain of censure by the Constitutional Council.A principle enunciated by Nicolas Sarkozy in May However, the content of this law is debatable. "I wanted that one path is registered structural balance of public finances, with a date of return to equilibrium, following the position taken by Nicolas Sarkozy. But this option was not selected, "lamented Jacques Delpla. A structural balance effectively eliminates the effects of the economy. "This concept may lead to endless debate," argues Jean Arthuis, president of the centrist Senate Finance Committee.
Cap state spending and Safely
Parliamentarians argued successfully for another solution: the framework law contains a spending limit and the state of Social Security, and the requirement that no new measures can lead to a floor pass under defined revenue."This is a simple, not from calculation, that the annual budgets must respect," argues Philippe Marini, the UMP rapporteur of the committee. The trajectory of balance would not be included in Schedule of the Act, which would deprive him of all power. However, this trajectory is identical to the one sent to Brussels. In reviewing the law under each spring, while the parliamentarians would validate European commitments of Paris.
This report is a working document. François Fillon will then launch the consultations leading to a final project, a project that will require the revision of the Constitution. "I think it will for example give a date for the return to balance public accounts to reassure markets," said Gilles Carrez.
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