Declining tax revenues and rising costs: the state budget did not end in 2009, suffering from this terrible effect scissors. The budget deficit widened to 143.3 billion euros in November 30, cons -66.6 billion a year earlier, said the Budget Ministry on Tuesday.
The difference, over one year amounted to 76.8 billion euros. He "explained mainly by the impact of economic conditions on changes in revenue and up to 34 billion euros by the end measures of recovery plan," says the ministry said in a statement.
In late November, total expenditure amounted to 329.7 billion euros, 13.9 billion more than a year ago. A difference can be explained by the cost recovery plan, advance Bercy."Out Recovery Plan expenditure (general budget and levies on revenues) increased by 850 million euros a year to another," says he.
In late 2009 the fiscal deficit, however, register under the 140 billion euros, one billion less than originally planned, said the Budget Ministry. This table to limit the deficit on tax revenue in December "slightly less degraded" and on "buoyant spending.
Direct consequence of this widening deficit, government debt under the Maastricht should represent 77.9% of GDP at end 2009 and 84% of GDP in 2010. To fill this gap, the state will borrow this year to market a record $ 188 billion.
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A wind blowing over pessimism Theolia Tuesday. The action of the wind expert picks from 10.49% to 13 hours after having plunged nearly 16.7% in midmorning. For over six months that the title did not broke the 3 euros. A 2.9 euros, it is trading about 5% less than a year ago.
If the producer of electricity from wind energy can be proud of having agreements with its major creditors to reduce its debt, investors themselves have mostly held that accompanied this restructuring – subject to acceptance general meeting in early 2010 – a capital increase to a maximum of about 100 million euros from current shareholders, whose holdings would then be diluted. "The Council plans to launch a capital increase in spring 2010," reads the statement issued today by Theolia.
Call for support
Side Theolia, management maintains that if all these operations are actually realized, the company has increased its cash 40 million, reduced its debt under the bond to 127 million euros payable on 1 January 2015 and increased its capital by about 150 million euros.
For the record, on September 1, Theolia warned that the group will be difficult to have enough cash or borrow the money necessary to enable it to repay 253 million euros of his bond on 1 January 2012, when demand early repayment of the loan in full.The announcement marked the end of an upward movement of the track (peak at more than 5 euros), in operation since March 2009.
Even the publication in early November, a consolidated turnover for the first nine months of 2009, amounting to 232.7 million euros, three times more than the same period of 2008, did not sufficient to restore color to the action.
A sector still buoyant
According to the report by the Center for Strategic Analysis (CAS) published mid-December, just before the Copenhagen summit, "the current economic downturn and emergency climate offers the opportunity to wind a large-scale development.
The global growth prospects are very important and France as the CASE has many strengths, including its network of subcontractors providing the territory but also abroad, the components needed to build wind turbines.Already, more than 150 suppliers and subcontractors working for the industrial sector, and many others from the construction, mechanical or aerospace, where expertise is close to that of the wind, could reach them and encourage the success of the industry.
The report also highlights that wind can generate a net profit in the event of a price increase of fossil fuels, which the most energy experts are convinced.The Union of renewable energy sources (RES) and the wind industry, Wind Energy France (ESRF), recall here that the cost of wind energy, about 80 euros / MWh (megawatt hour), is "very close that of conventional thermal plants, while presenting an additional advantage in terms of security of supply and CO2 savings.
From a tax perspective, the sector was welcome in France, the amendment passed there only a week, bringing the level of the flat tax to which the turbines are subject to the same amount to than other means of producing electricity.
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