Prime Minister Jean Castex officially presented the main thrusts of the post-health crisis economic recovery plan on Thursday.
In total, 100 billion are released.
But the head of government promised that the effect of this plan on the debt would be "almost entirely absorbed from 2025".
The main axes were known, the cost too: the economic recovery plan, presented Thursday by Jean Castex and several ministers, will amount to 100 billion euros.
But the Prime Minister promised that the effect of this debt plan would be "almost completely absorbed from 2025".
"The recovery is based on unsustainable spending," detailed the head of government.
"We expect a very rapid return on investment. If the plan achieves its objective of reactivating activity, the impact of the plan on our debt ratio will be almost entirely absorbed from 2025."
>> LIVE -
Recovery plan: follow the presentation of Jean Castex
"The worst option" would have been to do nothing
The crisis caused by the Covid-19 epidemic will cause public debt to jump to nearly 121% of GDP this year.
But for the Prime Minister, "the worst option for our public finances would have been precisely not to make a stimulus plan, to let the economy settle into sub-regime."
"Four points of lost growth is each year 50 billion euros in uncollected revenue", explained Jean Castex.
"It is economically and socially infinitely preferable to temporarily degrade public balances rather than sinking into austerity, allowing unemployment, misery and human tragedies to explode."