This is in agreement with the broad lines laid down by the President of the Republic, the Ministry of Finance and Economy faced the consequences of the crisis of coronavirus. The national economy is at a standstill, budget revenues collapsing, while the expenditure, they, explode.
And to adapt to this new situation, the services of Bercy have no other choice than to fund the various plans through the issuance of debt.
Finance the ambitions of national debt, a necessary choice
The budget for 2020 included 205 billion euros of debt in the medium and long term. Two amended finance laws have been there since the beginning of the confinement, and the French Treasury Agency has already planned to increase these requirements to 245 billion euros.
This is also reflected by a worsening of the deficits, as if the act of project of finance was forecasting a budget deficit of 93.1 billion euros, it has already almost doubled since already valued at 183.5 billion euros.
Author(s): FranceSoir
