In the aftermath of Emmanuel Macron's announcements on the reconfinement, Jean Castex indicated that "the council of ministers will adopt a new corrective finance bill" to finance the extension of partial unemployment and the solidarity fund.
Government guaranteed loans will also be extended.
Short-time working and the solidarity fund will be extended to support businesses during the new confinement, financed by an amending budget that the government will present next week.
This is what Jean Castex announced to the National Assembly on Thursday, the day after Emmanuel Macron's announcements on the reconfinement.
Reinforcement of tax exemptions
"On Wednesday, the Council of Ministers will adopt a new amending finance bill providing for an envelope of additional 20 billion euros to finance these support and accompanying measures", explained the Prime Minister on the occasion of a debate on the new restrictions announced by Emmanuel Macron.
"SMEs which are experiencing difficulties will be able to benefit from a strengthening of exemptions from charges and we will extend the loans guaranteed by the State by six months", also announced the Jean Castex.
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In detail, "all sectors subject to administrative closure will benefit from aid of up to 10,000 euros per month via the solidarity fund" and, for these same sectors, "we are setting up the partial activity with zero charge for the employer ".
10 billion per month of confinement
"For other sectors, the partial activity device in force, which was to be reduced on November 1, will be maintained and extended for employees, under current conditions", also specified the head of government.
"We must collectively assume these expenses", he launched in front of the deputies, by arguing "to do nothing would have an economic, financial and especially human cost even more considerable".
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According to the Minister of Public Accounts, Olivier Dussopt, a month of confinement represents "10 billion euros in intervention spending".
"When activity stops for a whole month, it is between 2 and 2.5 points of GDP that we lose. It is more than 10 billion euros of intervention expenditure and it is at least 10 billion euros of lost tax revenue, "he explained on Wednesday, recalling that since the start of the crisis, the state had seen its revenue fall by 70 billion euros in tax revenue.