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Covid-19: local finances will be less impacted than expected

2020-12-02T06:36:44.585Z

The Association of Mayors of France considers state support insufficient. At a time when public debt is exploding, this is rather good news. " This crisis is generally less severe for the finances of local authorities than what everyone feared at the beginning ", explains Jean-René Cazeneuve, LREM deputy for Gers and president of the delegation to local authorities. In a report published at the end of September, the deputy already assessed the cost of the crisis (drop i



At a time when public debt is exploding, this is rather good news.

"

This crisis is generally less severe for the finances of local authorities than what everyone feared at the beginning

", explains Jean-René Cazeneuve, LREM deputy for Gers and president of the delegation to local authorities.

In a report published at the end of September, the deputy already assessed the cost of the crisis (drop in revenue and increase in spending in 2020) for all the territories at 6 billion euros compared to 2019, against 7.3 billion in July.

As a reminder, the annual budget of local authorities is around 250 billion euros.

Read also:

Coronavirus: local communities in better shape than the state

More specifically, the revenue losses should be smaller - between 3 and 4 billion euros - than envisaged, in large part thanks to the strong rebound in growth in the third quarter.

This is the case, for example, of transfer duties for valuable consideration (DMTO) levied on the sale of real estate and collected by the departments and

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Source: lefigaro

All news articles on 2020-12-02

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