Developed by the Treasury in Bercy, the stability programme, abbreviated as PSTAB, is a budgetary roadmap which updates growth forecasts every year, but also changes in the deficit, debt or even public expenditure. The next one will be presented on Tuesday August 2 by a declaration of the government before the National Assembly. If it is not submitted to any vote, the stability program will however be debated by MEPs following the speech.
A roadmap submitted to Brussels
And this year, the discussion promises to be lively. Breaking with the “whatever it takes” of the Covid years, the program promises “a return to control of public finances in order to ensure the sustainability of the public debt” over the period 2022-2027, which could well make the opposition wince, union of the left and National Rally in mind.
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After being debated, the PSTAB is then sent to Brussels: the Commission draws up an assessment then transmits its recommendations, adopted by the Council of the European Union. Note that the report was initially to be presented in April, before being postponed to August, after the presidential election.