French Minister of the Economy, Bruno Le Maire, pledged that the pension system will be financially balanced by 2030 as a result of the battle against fraud and transfers across branches of social security.
 |
| French Minister of Economy Bruno Le Maire |
Bruno Le Maire defended the administration's stance just hours before the voting on the two votes of censure to try to oust the government following an appeal to 49-3. The Ministry of Economics informed BFMTV on Monday morning that the pension system will be in balance by 2030: "I guarantee that in 2030, the pension system will be in financial balance. " The tenancy of Bercy intends to ensure this equilibrium " either by fighting fraud or by transferring the branch of industrial accidents to the branch of old age," he stated.
"We will neither reduce retirement pensions or raise payments, and hence the French taxes," the management continues.
Despite seven billion euros in "social support measures," this pledge is made. A budget judged "substantial" and "essential " for Bruno Le Maire in order to help "those who started early, women, or those who are disabled".
The government declared in January that the pension reform will deliver 17.7 billion euros to pension funds by 2030, with 13.5 billion euros judged required to balance the pension system. The related measures were already worth 4.8 billion euros at the start of the year.
A sum that has risen to seven billion euros as a result of concessions made to the National Assembly and agreements reached by The Joint Committee deputies and senators (CMP). Two billion euros in savings would thus be required, but Bercy guaranteed that he had previously considered all of the necessary cuts to balance the pension plan in 2030.