Where can we find the billions needed to straighten out the French state budget? While the debate rages in the Assembly, which is discussing the 2025 finance bill, a proposal from Gérald Darmanin and Olivia Grégoire has filtered through to Bercy. What if the State sold part of its shares in listed companies?
The French state could sell shares in companies listed on the stock exchange
“What are we still doing in Orange, Stellantis, FDJ?» asked Gerald Darmanin and Olivia Grégoire, 2 former ministers in the presidential camp. Their idea, developed in a column published yesterday, is to partially sell the State's shares in listed companies, up to 10%.
This is a potential multi-billion dollar windfall, which could, however, weaken the long-term position of the State. The dividends received for these actions count in a significant way for the French budget. But the Minister of Budget and Public Accounts, Laurent Saint-Martin, left the door open to this idea this morning at the microphone of France Inter:
“I have never opposed the debate on the sale of State participations. »
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It would therefore be a question of drawing on the 180 billion dollars of participationwhich according to ex-ministers no longer serves much purpose: “[Ce sont] participations in which the State itself no longer really understands either its role or its mission”.
In reaction to this positioning, Laurent Saint-Martin, however, is cautious :
“We must always weigh between the transfer of shares which allows the repayment of the debt […] and the shortfall in dividends that this creates if you sell your shares. »
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Neither austerity, nor tax gifts: the impossible balance of government
France's 2025 budget is currently under study and crystallizes tensions. With on the one hand, the threat of a 49.3, although not desired by the Prime Minister, and on the other, a motion of censure which could intervene in reaction. This week, the State and Social Security budgets are being examined and they are already a source of lively debate.
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Laurent Saint-Martin therefore tries to strike a balance, between 2 ends that it may not be possible to avoid :
“This budget is neither a fiscal nor austerity bombast. It is a balanced budget which is not likely to slow down too much [la croissance]. »
Will this pass by a reduction of the State's positions in Orange, Stellantis or the FDJ ? In the days to come we will say it.
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Source: France Inter
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Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how news in this sector influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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