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ECONOMY

responsible for the administration of our therefore, be taken as an act of vigilance and portion of the Constitutional Reserve Fund has
country, the National Council votes on the not without hope.” Here, we take a look back remained stable.” In favour of “better control
budget and asks the government to show at what was approved in the budget. of the cost of operations,” the government
respect for the democratically-elected national will now publish a works schedule which
representation. This is not currently the case, *by 16 votes for, two abstentions (Jade Aureglia and Fabrice must accompany the Three-Year Equipment
in light of interventions in public sessions Notari) and five votes against (Corinne Bertani, Christophe Programme. “We even suggest a five-year
Brico, Jean-Louis Grinda, Roland Mouflard and Christine
and in view of the factual failures in the good Pasquier-Ciulla). time scale and to accompany the Three-
Year Programme, which is an integral part
of the budget, to constitute a mandatory
annex,” indicated the Minister of State to the
Assembly. A multi-year revenue forecast for
the period 2024 to 2027 has already been
presented to ministers.

3 - Announcements
“A Fontvieille shopping centre project certainly
resized but still modern and ambitious;
implementation of the National Plan for
Housing Monégasques respected, through
the completion of 50 apartments by 2027-
2028; a dynamic mobility policy based on
an updated plan; and finally the realisation,
under controlled conditions, of the Symbiose
project, in order to guarantee the sovereignty
© Conseil National of the Principality in terms of waste treatment

[Ed: which we also treat]". These are the
Franck Julien, Président de la Commission des Finances et de l’Économie Nationale main announcements from this budget by
Franck Julien, President of the Commission on Finance and the National Economy the Minister of State.
Other commitments: the project for a new
management of our finances, revealed on this 1- €2 billion+ budget medical establishment/home for dependent
occasion,” defended the Assembly, wishing PB2024 forecasts €2.046 billion in revenue elderly people is moving forward. “A location
to work for “the general interest, to continue against €2.060 billion in expenditure, ie a deficit on the western border of the Principality has
to find, in positive, harmonious and finally of €14 million. “For the first time in 10 years, been identified. It has the advantage of easy
constructive consultation with the government, apart from PB021 linked to the pandemic, a accessibility from the Moyenne Corniche
the best solutions for the public policies of primary budget is presented in deficit, even if (French side) and proximity to the CHPG.
our country, under the high authority of the it is an accounting deficit. Although PB2024 Studies are underway to check the feasibility
Sovereign Prince.” presents a structural surplus of €64 million, of building such an establishment, which would
The favourable vote of 21 December has it was considered appropriate to ensure ever- have a capacity of around 140 places,” said the
*
ended this episode, at least temporarily. “We improved readability of public accounts. It Minister, who also confirmed a redevelopment
have come a long way,” said Franck Julien, therefore appeared reasonable to initiate in of place des Moulins. “The coming months
President of the Commission on Finance 2024 a progressive clearance of the special will be devoted to stabilising the assembly
and the National Economy and rapporteur treasury Avance Domages account, linked of this project. On such complex land, this
of the text. “After that AB vote, the spectre essentially to the health problems encountered step is essential to obtain the approval of all
of differences between the government and at the Jardins d'Apolline and Hélios in 2017; the owners concerned, at a reasonable cost
the National Council suggested an impasse. so this leads to presenting a forecast result to the state.”
Fortunately, our collective flexibility allowed in deficit by €14.4 million,” specified Minister On the attractiveness side, “the resources
us to avoid a dead end,” analysed Franck of State, Pierre Dartout. allocated to the Attractiveness Department
Julien. Five ministers voted against, such will reach €600,000, whilst those of Monaco
as Vice-President, Jean-Louis Grinda: “The 2 - Better cost control Private Label (MPL) will be €100,000. The
National Council had requested the filing of Rapporteur, Franck Julien, pointed out “the integration of the Welcome Office and the
a new Primary Budget. They did not get it. importance of exercising rigorous control MPL within this department in 2022 and 2023
On the other hand, and this is a notable fact, over the costs of projects included in the has increased human resources from two to
the government has announced that it will Three-Year Public Equipment Programme. four people. Other personnel could eventually
submit a first amendment next spring. This This need arises from the considerable strengthen this team,” announced the Head of
is an excellent thing in itself but, of course, increase in project expenditures, which have Government, according to whom “international
everything will depend on what the executive quadrupled over the last decade, whilst state promotion missions and MPL operations will
puts into it. […] My negative vote should, revenues have only doubled and the liquid be intensified in 2024.”

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