The Covid-19 pandemic will have cost the State between 170 and 200 billion euros, between exceptional expenditure and loss of revenue, according to the Minister of Public Accounts Olivier Dussopt.
Speaking on CNews on September 26, Public Accounts Minister Olivier Dussopt said the Covid-19 bill would be between 170 and 200 billion euros.
Olivier Dussopt: “We estimate the Covid debt at around 165 billion euros. This is the consequence of the policy of “whatever the cost”, which is a good policy ”, Olivier Dussopt in #Landmarkspic.twitter.com/x0RhU9y2em
– CNEWS (@CNEWS) September 26, 2021
“It is also a loss of revenue, because economic activity has stopped,” he added, with a shortfall of several tens of billions of euros. “We estimate that the Covid debt is around 165 billion euros. This resulted in a significant deficit of over 9% in 2020 and 8.4% in 2021, ”he said. “If there is no health accident in 2022, we will reduce the deficit which was over 9% in 2020 to less than 5%, which is a step towards normalization”, finally indicated The Minister.
The government presented on September 22 its draft budget for the year 2022. After two years of digging linked to the opening of the budgetary sluices in the face of the virus, it undertakes to amortize the linked State debt over twenty years. to the crisis, estimated at 165 billion euros, until 2042. According to Bercy forecasts, the public deficit is expected to drop from 9.2% of GDP in 2020 to 8.4% this year, then 4 , 8% in 2022.