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Parliament definitively approves the 2020 accounts, upset by the Covid

2021-07-23T14:55:29.678Z

The Parliament definitively validated Friday the accounts of the year 2020 marked, according to the terms of the government, by the economic "shock" ...



The Parliament definitively validated Friday the accounts of the year 2020 marked, according to the words of the government, by the

economic "

shock

" "

unheard of

" of the coronavirus pandemic with an explosion of the deficit.

Read also: Public debt soars under the effect of the crisis

The National Assembly voted by show of hands this bill on budget regulation and approval of accounts. It was rejected by the right-wing majority Senate, but MPs have the last word. The year 2020 was hit hard by the coronavirus crisis with no less than four amending budgets, a record. The “

incredible shock

” of this crisis earned France a 7.9% drop in GDP in 2020, recalled Secretary of State Olivia Grégoire, who praised the emergency aid deployed. "

At the height of the crisis, in April 2020, a million companies appealed

" to partial unemployment "

to support more than eight million employees,

" she said.

In 2020, the public deficit, all administrations combined, exploded to 212 billion euros, or 9.2% of GDP, against 74.7 billion euros in 2019. The state deficit alone amounts to to 178.1 billion euros, an increase of 85 billion euros compared to 2019. Public debt reached 115.1% of GDP at the end of 2020. “

Without the decisions we have taken, the picture would be even more black,

”said LREM MP Cendra Motin. As in the Senate, the right voted against the text. Patrick Hetzel (LR) focused his criticism on "

the illegibility of the distribution of credits between emergency, recovery and ordinary spending

" and the "

massive carry forward

" of more than thirty billion euros of appropriations from the 2020 budget to the 2021 budget .

"

A mountain of debt

"

The majority defend these postponements by the “

uncertainty

” of the crisis and the necessary “

prudence

”, in order to be able to reload the emergency measures when it is useful.

MoDem Brahim Hammouche insisted on the need to restore accounts in the medium term.

We are sitting on a mountain of debt,

” he warned.

The left voted against the text, accusing the government of not having "

conditioned

" aid to companies, on the social or ecological level.

Source: lefigaro

All business articles on 2021-07-23

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