The Limited Times

Now you can see non-English news...

State tax revenues will still be strongly impacted by the pandemic

2021-01-29T21:34:38.500Z


Income tax, VAT yield, corporate tax ... Bercy teams are trying to estimate the losses. Heavily impacted by the coronavirus crisis in 2020 with an explosion in spending and a fall in revenue, public finances have certainly not finished sinking into bright red. Starting with the state coffers. While exceptional aid to support the French economy will continue - even explode - at a time when a third confinement is looming, tax revenues should again be very affected. Already in 2020, the


Heavily impacted by the coronavirus crisis in 2020 with an explosion in spending and a fall in revenue, public finances have certainly not finished sinking into bright red.

Starting with the state coffers.

While exceptional aid to support the French economy will continue - even explode - at a time when a third confinement is looming, tax revenues should again be very affected.

Already in 2020, they had fallen by 37.1 billion euros to reach a low of 256 billion.

To read also:

Bruno Le Maire: "We do not want a tax increase"

Currently, the cost (expenditure and loss of revenue) for the state of the 6 p.m. curfew would weigh around 10 billion euros per month, including 3 to 4 billion of lost revenue, recently argued the LREM deputy and rapporteur general of the budget to the Assembly, Laurent Saint-Martin.

"We can imagine that if there were more restrictions, we could quickly reach 15 billion euros per month (total cost), maybe even

This article is for subscribers only.

You have 80% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-01-29

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.