A bottomless well.
The measures to deal with the coronavirus crisis have plunged public finances into the red and the vertiginous fall will indeed continue in 2021. With the active resumption of the virus, the second containment and the maintenance of health rules during in the coming months, the Ministry of the Economy is indeed forced to extend the addition and revise its economic forecasts in the 2021 draft budget currently being examined in Parliament.
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Bercy thus plans to mobilize nearly 23 billion euros for emergency measures of all kinds, which requires the contribution of 8 billion in new money.
While opposite, revenues should decline due to the impact of the crisis on activity.
Result of the races: if a rebound in growth of 6% is still on the agenda next year, the public debt should explode to 122.4% of GDP against 116.2% initially expected last September.
The deficit would climb to 8.5% of GDP
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