Fuels: Tax Revenues Are Now in Sharp Decline After a Fall in Consumption, Says Sébastien Lecornu
13 Articles
13 Articles
Matignon said yesterday that fuel consumption had collapsed by 30% at the beginning of May. As a result, more than 300 million euros of tax revenue lost in ten days. This is just a start.
After additional tax revenue on March-April of about €190 million, revenue since 1 March is now "less than €105 million compared to last year's revenue during the same period," Matignon explains.
In May, it was the government's tax revenues that suffered. The revenues are "beyond their level last year", Sébastien Lecornu said. - "There was never a cash pool": the tax revenues related to fuel in sharp decline (Economy).
Prime Minister Sébastien Lecornu announces a decline in fuel revenues, contradicting the existence of a tax pool The state's tax revenues linked to rising prices
According to the Prime Minister, fuel revenues fell by around 300 million euros over the first ten days of May, as a result of the sharp decline in consumption, in the context of war in the Middle East.
According to Sebastien Lecornu, the state's tax revenues linked to the rise in fuel prices are now falling as a result of a fall in consumption in early May.
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