Saturday, 15 January, 2022

EXCLUSIVE INTERVIEW / Gérald Darmanin: “When the house burns, you don’t count the liters of water to put out the fire”


Gérald Darmanin, Minister of Action and Public Accounts, reveals to “Echoes” the first consequences on public accounts of the economic shock caused by the coronavirus pandemic. The public deficit is thus expected at 3.9% of GDP this year, against an initial forecast of 2.2%. Debt will pass the 100% of GDP mark. The Minister details the cost and the terms of the emergency measures taken to save the economy.

The Minister of Action and Public Accounts, Gérald Darmanin, reveals to the “Echos” the first consequences on the public accounts of the economic shock.

The government has put on the table emergency economic measures representing 45 billion euros. Is this unheard of in France since the post-war period?

Yes, it is a massive economic bailout that we are putting on the table. This plan is 45 billion euros, for the moment. In this envelope, it takes 35 billion euros of cash measures. If I have always defended budgetary seriousness in peacetime, it is so that France does not have to skimp on resources in times of war. As the President of the Republic said very well on Monday, we are at war. Against this epidemic first, and against the consequences it may have on our economy. It will be necessary to recover from it, this is the reason why the State will not skimp on the means.

Gérald Darmanin, Minister of Action and Public Accounts, reveals to “Echoes” the first consequences on public accounts of the economic shock caused by the coronavirus pandemic. The public deficit is thus expected at 3.9% of GDP this year, against an initial forecast of 2.2%. Debt will pass the 100% of GDP mark. The Minister details the cost and the terms of the emergency measures taken to save the economy.

The Minister of Action and Public Accounts, Gérald Darmanin, reveals to the “Echos” the first consequences on the public accounts of the economic shock.

The government has put on the table emergency economic measures representing 45 billion euros. Is this unheard of in France since the post-war period?

Yes, it is a massive economic bailout that we are putting on the table. This plan is 45 billion euros, for the moment. In this envelope, it takes 35 billion euros of cash measures. If I have always defended budgetary seriousness in peacetime, it is so that France does not have to skimp on resources in times of war. As the President of the Republic said very well on Monday, we are at war. Against this epidemic first, and against the consequences it may have on our economy. It will be necessary to recover from it, this is the reason why the State will not skimp on the means.