Missing 10 billion euros in Île-de-France's undeclared assets

A recent report from the Cour des comptes highlights a major gap in the Île-de-France region's asset inventory. As the state hunts for billions to cut the public deficit, the region values its assets at 25.9 billion euros, compared to over 35 billion euros in official estimates. This discrepancy could rise to 19.63 billion euros based on other calculations.

The Cour des comptes released a report on November 20 examining the finances of the Île-de-France region, highlighting shortcomings in its asset management. The fixed assets, including buildings, land, vehicles, and equipment, are valued by the region at 25.9 billion euros. Yet, the Cour des comptes experts assess this at over 35 billion euros, resulting in a 10-billion-euro gap.

According to estimates from the Île-de-France Direction régionale des finances publiques (DRFIP), the shortfall could reach 19.63 billion euros. This imbalance occurs as the state actively pursues funds to reduce the public deficit. For businesses, precise knowledge of assets is key to sound management, but local authorities appear to operate under different standards, leaving their inventories incomplete and disjointed.

The report describes this inventory as more of an incomplete puzzle than a precise ledger. While the region oversees substantial assets, the lack of accurate declarations raises concerns about transparency and efficiency in public management in Île-de-France.

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