Olivier Dussopt, Minister of Public Accounts, told Les Echos that the State’s efforts to cushion the Covid-19 crisis could not continue at this level beyond 2021 which, according to him, must mark the end of “whatever” it costs”.
The Minister of Public Accounts Olivier Dussopt estimated that the year 2021 should mark the end of the policy of “whatever the cost”, that is to say the mobilization of all the necessary means in the face of the crisis. Covid-19, in an interview with Echoespublished on January 10.
“If 2021 will mark the end of the crisis and the pandemic as everyone hopes, it is also necessary that 2021 marks the end of” whatever the cost “,” he said.
A historic deficit
“Throughout 2020, we have spent massively to support businesses and the French in the crisis. This was possible because we were coming out of a year 2019 which had been good from an economic point of view thanks to our action, and because we had cleaned up the accounts since 2017, ”he continued.
But, he added, “the level of spending that we know today is not sustainable over time”.
To cope with the epidemic, the state has committed 44.1 billion in additional spending, including 41.8 billion in emergency spending, according to figures from Bercy.
The Minister of the Economy Bruno Le Maire had indicated a little earlier in the day that the crisis and the means deployed by the State were reflected “by the highest budget deficit in our contemporary history”, during a hearing by the Finance Committee of the National Assembly.
The State deficit – excluding the perimeter of local authorities and social security – thus widened by 85 billion euros, from nearly 93 billion last year to 178.2 billion euros.