Home stretch in Parliament for the third and last crisis budget

Billions of aid for tourism, aeronautics, the automobile or even youth employment: Parliament is preparing to adopt definitively, Thursday, July 23, the third amended budget bill and its new emergency measures .

After two weeks of examination in the National Assembly and a marathon weekend in the Senate, the compromise reached by deputies and senators in joint committee will be submitted successively to the final vote of the two chambers in the afternoon. “With this green light, these are essential measures (…) which will be implemented to support employment, in particular youth employment, our companies and our regions ”, defends the Minister of the Economy, Bruno Le Maire.

Overall, this amending finance bill provides for around 45 billion euros in support for sectors particularly affected by the crisis: tourism, aeronautics and the automobile industry. It ratifies aid of 4.5 billion euros to communities.

Article reserved for our subscribers Read also The government presents an unfinished budget in support of the affected sectors

Youth jobs, fiscal gestures, ecological commitments

In the Senate, the government passed a series of new appropriations: 744 million euros in commitment authorizations for exceptional learning aid, 50 million euros for the financing of the one-euro meal for scholarship students, 75 million euros to renew the fleet of police and gendarmerie vehicles.

490 million euros were also added to decarbonise industry or industrial relocation projects, and another 250 million for the French Transport Infrastructure Funding Agency (AFITF).

Regarding youth employment, the government has put on the table more than one billion euros to finance aid of 4,000 euros in exemption from contributions for the hiring of a young person under 25 years of age at the start of the school year. . Initially, this aid was to be limited to salaries of 1.6 minimum wage; it will finally be brought up to a salary of two smic, as confirmed by Emmanuel Macron on Wednesday.

Read also To support youth employment, the Senate defends a larger hiring bonus

Several fiscal measures have been voted by the Assembly, aimed at caregivers, soldiers or to support the press.

MEPs also voted for a measure defended by La République en Marche (LRM) calling for ecological commitments « forts » large companies. “A decoy”, denounced the left and environmental non-governmental organizations (NGOs).

Regarding the financial compensation for the loss of revenue due to the health crisis in Ile-de-France Mobilités, the management company of Ile-de-France transport, the parliamentarians added 180 million euros to the 425 million euros down payment planned for 2020, according to the general rapporteur of the budget to the Assembly, Laurent Saint-Martin (LRM).

His counterpart in the Senate, Alberic de Montgolfier (Les Républicains, LR), pointed out a “Risk that Parisian public transport will be deprived of essential investments”. The subject is the subject of a standoff between the majority and the president (ex-LR) of the Ile-de-France region, Valérie Pécresse.

Article reserved for our subscribers Read also Plagued by the Covid-19 crisis, Ile-de-France stops its payments to SNCF and RATP

This social

This bill expects a historic recession of 11% of gross domestic product (GDP) in 2020, a deficit which widens further to 11.5% and a public debt which swells to 120.9% of GDP.

The Prime Minister, Jean Castex, affirmed that the debt resulting from the crisis would be the subject of a separate treatment with a repayment spread over the long term thanks to a specific resource. Parliament must also adopt a bill on Thursday digging the “security hole” after the epidemic due to the coronavirus.

Article reserved for our subscribers Read also Should the “social debt” of the coronavirus be financed by Social Security?

There will be no fourth budget rectified at the start of the school year, the recovery plan of 100 billion euros announced by Emmanuel Macron to be included in the finance bill (PLF) for 2021. These stimulus spending will be “Quartered”, that is to say “Isolated in a specific budgetary mission”, “In the name of the concern for sincerity and transparency”, said Mr. Le Maire Thursday.

Other government spending will increase in 2021 by 7 billion euros, or + 2.6%, an increase ” reasonable “, according to the minister. The budget of the Ministry of Justice will increase in particular by 6%, when other ministries will have to reduce the wing. Bercy is aiming for a “Stabilization of the State workforce in 2021”, between increases for justice, police and health and decreases in particular for the economy.

The PLF will be examined from October 12 by the National Assembly, then from November 19 in the Senate, with a view to its final adoption before the end of the year.

Article reserved for our subscribers Read also The first budgetary decisions before the 100 billion euro stimulus plan

The World with AFP

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.