Covid-19 in France: the pandemic will have cost more than one hundred billion euros

The Covid pandemic in France will have cost since 2020 a hundred billion euros.

AFP - ALAIN JOCARD

Text by: Ariane Gaffuri Follow

2 mins

France quantifies its Covid bill.

The pandemic will have cost since 2020 a hundred billion euros, predicts Olivier Dussopt.

The State will have spent 70 billion euros in 2020 and a little more than 60 billion in 2021. For this month of January, around 10 billion euros have been injected to fight against the Omicron variant, indicates the French Minister of Accounts public. 

Advertising

Read more

Emergency aid for businesses, partial unemployment, solidarity funds, financial support for screening tests and vaccines, the fight against Covid is costing the State 140 billion euros, according to its forecasts.

In 2022, the expenses to overcome the Omicron wave would be 150 to 250 million euros per month, in the current situation, according to the Minister of Public Accounts.

This is still much less than at the height of the crisis. 

► 

To read also: 

Covid-19: can the Omicron variant be the last variant?

In addition, the State had planned to allocate two billion euros of unconsumed credits to companies last year, but it turns out that these unconsumed credits are greater than expected.

They amount to 3.8 billion euros, which should "

 largely suffice

 ", estimates Olivier Dussopt.

State revenues are improving

On the other hand, in terms of health, the provision of 5 billion euros “ 

for vaccination and tests this year will be exceeded

 ”, warns the minister.

However, he estimates that the Covid envelope of 16 billion " 

probably represents a spending ceiling for 2022

 ".

Good news all the same, growth is better than expected in France.

State revenues are 20 billion euros higher in 2021.

► 

Also to listen: 

The Covid outbreak hovers over the European economy

On the growth side, households paid more than one and a half billion more than expected in income tax and levies on capital income.

The VAT reported a surplus of more than three and a half billion than expected.

But it is against all odds the tax on corporate profits that brought in the most, 10 billion euros returned to the state coffers.

These additional revenues should make it possible to contain the level of public debt for 2021, according to Olivier Dussopt.

► 

Also to listen: 

2021: year of major crises

Newsletter

Receive all the international news directly in your mailbox

I subscribe

Follow all the international news by downloading the RFI application

google-play-badge_FR

  • Coronavirus

  • France

  • our selection

Keywords: