The government does not want to touch the operation of the Livret A, assures Roland Lescure

A body of the Court of Auditors proposed Monday to modify the ceilings of regulated savings accounts, by subjecting to tax what exceeds the ceiling.

The Minister of Economy and Finance Roland Lescure assured, Tuesday, December 2, that the government “absolutely not considering” to affect the operation of the A booklet, which is suggested by the Council for Compulsory Deductions (CPO), an organization attached to the Court of Auditors. “The recommendations made public yesterday only commit the Court of Auditors and in no way constitute the position of the government”he assured in a message posted on the Bluesky social network.

In a report presented on Monday, the CPO suggests numerous avenues for reforming wealth taxation, in particular modifying the ceilings of regulated savings accounts (livret A, Livret d’Epargne Populaire-LEP, etc.), by subjecting to tax what exceeds the ceiling. This would, according to the CPO, encourage people to redirect popular savings towards investments that it judges to be more effective for the economy.

For Roland Lescure, booklet A is “an essential popular savings product, which plays a decisive role in financing social housing and urban renewal”And “it constitutes a central tool to support households who need it most”. “Regarding the concerns expressed about purchasing power”the Minister of the Economy recalled all the measures “forte” taken by the government to fight inflation in recent years, such as the price shield or energy checks.