The coronavirus epidemic has changed our lives for a year but also changed the economic landscape.
In the crisis, the State has multiplied, massively helping businesses and individuals.
This growing power of the state sphere can be read in the jump in public spending, which in 2020 represents more than 60% of the country's wealth production, but also in the unprecedented increase in public debt.
At the end of 2020, it reached 2,650.1 billion euros, or nearly 116% of GDP.
Read also: The crisis has derailed the trajectory of public debt
The reality appears less gloomy than Bercy's initial forecasts (deficit of 11.3% versus 9.2% and debt of 122% versus 116%) due to the resilience of growth at the end of the year.
The one-third rebound in the debt-to-GDP ratio can be explained by the decline in the denominator (economic activity fell by 8% in 2020) and, for two-thirds, by the increase in the numerator (the debt volume in billions of euros jumped 11%).
The State is in debt of almost 300 billion
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