Recovery plan: a new amending budget in a month

The tourism sector will not be the only one to benefit from a sectoral plan to deal with the crisis that plunged France into recession. “I will announce a support plan for the automotive sector within fifteen days, and the faster the better, so as to boost consumption and the transformation towards a more sustainable model (…) with support in particular for vehicles that emit the less CO2 to electric vehicles, " said Franceinfo Bruno Le Maire on Monday. The Minister of Economy will also present, before July 1, a plan to support the aeronautical sector.

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At this stage, it is not yet the overall stimulus plan which will be presented at the start of the school year, at the end of August or at the beginning of September. However, the bill is already increasing considerably. To finance these sectoral plans (including that of tourism, which amounts to 18 billion), the government will present a third amending finance bill for 2020 (PLFR) in June. According to L'Opinion , the text will be presented to the Council of Ministers on June 10 before being immediately adopted in Parliament. The date is still under discussion, one retorts to Bercy, which aims for the end of June or the beginning of July at the latest. The second amending budget, adopted at the end of April, provided for the implementation of emergency measures in the amount of 110 billion euros, including 40 billion in dry spending.

Maintaining 100% support for partial unemployment for companies by the State, this is not a desirable situation in the long term

In addition to support for the three sectors, this PLFR 3 should include the cancellation of social charges - for the time being postponed - in certain cases. This measure targets, for example, companies with fewer than ten employees who were closed by administrative decision during the confinement period. The funding of partial unemployment could also be included in this new crisis budget. Especially since the government plans to review the system from June. "Maintaining 100% support for partial unemployment for companies by the State, this is not a desirable situation in the long term," confirmed Bruno Le Maire.