The extra collection linked to inflation is already equivalent in May to the total cost of the shock plan

Inflation fuels public revenue by 19% in the first five months of the year, at a record level, between increases in VAT and personal income tax. The extra 15,550 million already cover the full cost of the 9 months of government anti-inflation measures. The State deficit closes May at 1.36% of GDP, halving that of 2021.

Spurred on by the highest inflation in nearly 40 years, tax collection continues to break records despite slowing economic growth. In the first five months of the year, public revenue grew by 19.1% re