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A fourth budget crisis at the back

And one more. Even as the Parliament is discussing the third budget crisis for 2020 for a final vote at the end of July, the government has to decide: a fourth text will be presented at the end of August-beginning of September.

The details have yet to be fixed and everything will depend on the evolution of the French economy, which was suffering the greatest recession since the end of the Second world War. Even today, "the challenge is to stabilize our economy", launched a Agnès Pannier-Runacher, the secretary of State to the minister of the Economy, before the Senate on Wednesday. For the time being, if we take into account the first two drafts of the amended finance law for the year 2020 (PLFR) voted in march and April and the third in the process of adopting the emergency measures - including the part-time unemployment - amounted to 136 billion euros. In addition, 327 billion euros in loans guaranteed by the State have also been put on the table.

Finance a portion of the recovery plan

With this PLFR 4, the government does not close any door. This text should allow, in particular, to finance a portion of the recovery plan, which will be announced in September and will take especially in 2021 and 2022, says one at Bercy. At the same time, the executive must also finalise the draft finance act for the next year, which will then be debated in Parliament in the autumn with a view to adoption at the end of the year.

This is what upset a little more about the agenda budget already challenged by the crisis. Not to mention that the two elections held in the coming weeks do not facilitate the task. Already, the adoption of the third PLFR - announced on 10 June by the government and is under consideration in the Parliament is lagging behind, mainly due to the holding of the second round of municipal elections on 28 June. The PLFR 4 will be presented just before the senatorial elections, which will take place at the end of September...

The editorial team conseilleBudget corrigendum, jobs, growth... The government is reviewing its copieLe cost-boggling the health crisis for the FranceSujetsCoronavirusRécessionprojet Law FinanceLoi Of Finance Rectificative1 commentaireLeManchoisle 24/06/2020 22:44

there is something that is something of a miracle . The government has put on the table , since march , more than 120 billion euros of additional spending, and it is not finished . And there will be no tax increases . All of this will be funded by State bonds . It will need to be reimbursed . There will be little to nothing once paid the salaries and pensions of civil servants and the service of the debt ...

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