This is a figure that the government is forced to revise upwards. While until then, the forecast of the government for the general government deficit was 9.1% of GDP, the minister of public Accounts, Gérald Darmanin, announced that he was going to finally widen to 11.4 %. A situation that is the direct result of the diving activity and massive expenditures incurred to support the economy. “We are more indebted “, because ” we have spent a lot of money “, but “the situation is under control,” said the minister on France 2. The debt will increase more than what was expected up here, or 115 % of GDP, has even warned the minister, without giving precise figures.
The deficit of the State budget will grow to 220 billion euros this year, and that of social Security, more than 52 billion euros. Last year, the public deficit was 3 % of GDP and the debt-98.1 %. “These are figures that can give you vertigo,” but “you see at the end of this containment to the back of an economic recovery,” said Gérald Darmanin. It notes, in particular, that the VAT ” again to go back into the coffers of the State since the people reconsomment a little more. “” Our bet who is going to be held, is that as we have supported the economy, that we are limited to a maximum of the bankruptcy, that people have not been unemployed […], well, we will return to a normal life after these three months of great difficulties. “
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on Tuesday, the Economy minister, Bruno Le Maire, had indicated that the French economy would eventually contract by 11% this year, the never-seen since the Second world War, against a decrease of 8 % anticipated previously. These forecasts will be incorporated into a third draft amending budget to be presented next week by the council of ministers. It entérinera also the measures announced in the framework of the various plans of support to the economic sectors in difficulty (such as tourism, automotive, building, aerospace, etc).
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