The public deficit which includes, in addition to the state budget deficit, the social security deficit and local communities, was initially projected at 8.5% of GDP for 2021, but was already revised upwards to 9%, at the beginning of April.
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The French public deficit will widen further. It should reach 9.4% of GDP, Economy Minister Bruno Le Maire said Monday, May 31, on the “4 facts” plateau in France 2. These latest forecasts are explained by the new expenditures incurred in dealing with the Covid epidemic. -19.
We expect a public deficit of 9.4% for 2021
Embed a TweetMinister of Economy and Finance
Caroline Roux May 31, 2021
This deficit “It is linked to three things: The first is that we defer a certain number of expenditures from 2020 to 2021 (…), [ensuite] Because we continue to help a certain number of sectors and companies, even if we will gradually withdraw this aid, and thirdly because part of the recovery plan has been disbursed. “Bruno Le Maire details.
The public deficit which includes, in addition to the state budget deficit, the social security deficit and local communities, was initially projected at 8.5% of GDP for 2021, but was already revised upwards to 9%, at the beginning of April. The Minister of Public Accounts, Olivier Deussubet, announced on Sunday that the currency will reach 220 billion euros, which is about 47 billion more than what was stipulated in the initial finance law.
On Wednesday, the government is scheduled to present a financial amendment bill that includes more than 15 billion euros in additional emergency measures. In particular, it will be used to finance micro-activity and provide targeted assistance to companies in difficulty. New support measures for companies in difficulty or corporate tax breaks must also be introduced on this occasion.