Bonjour , In 2022, France will spend a total of around 883 billion euros on its budget. The State’s financial commitments, which total more than 205 billion in investment, make up the first line of expenditure. With more than 130 billion euros, refunds and rebates was the second area of public spending.
COVID-19 recovery strategy
The French government has established a 36 billion euro budget for 2021 in response to the economic catastrophe brought on by the COVID-19 outbreak in France. This recovery plan is centered on three themes: the country’s economic, social, and ecological rebuilding, and it is designed for people, businesses, local governments, and administrations. The emergency plan for the health crisis with assistance for businesses has been added to this budget.
Due to partial unemployment and company closures, this extensive plan, which was started right at the start of the crisis, has been able to stop the increase in unemployment in France through subsidies and interest-free state loans.
In light of debt, the economic model
Although France’s economy is fast liberalizing, the welfare state, which frequently intervenes in the economy and finances of the nation to ensure that social services are provided for the wellbeing of its residents, nonetheless forms the foundation of the country’s economic structure.
However, this model is highly pricey, and the national debt level is still quite high. France’s state debt increased by two percentage points from 2020 to 2021, to 118 percent of GDP.
Here is the Detailed view for Nerds.
|Area||Public Spend in billion euros|
|Financial commitments of the State||205.99|
|Refunds and rebates||130.61|
|Advances to local authorities||114.88|
|Research and higher education||29.25|
|Solidarity, Integration and Equal Opportunities||27.87|
|Ecology, sustainable development and mobility||21.55|
|Labour and employment||14.74|
|Advances to various government departments or organizations managing public services||11.04|
|Public finance management||10.02|
|State financial contributions||8.93|
|Public Development Aid||6.62|
|Social and pension schemes||6.06|
|Relations with local authorities||4.58|
|General and territorial administration of the State||4.41|
|Advances to public broadcasting||3.7|
|Agriculture, food, forestry and rural affairs||3.03|
|External action of the State||2.97|
|Air traffic control and operations||2.37|
|Veterans, memory and links with the Nation||2.02|
|Immigration, asylum and integration||2|
|Traffic and parking control||1.54|
|Sport, youth and associations||1.49|
|Loans to foreign states||1.22|
|Government Action Directorate||0.85|
|Advice and control of the State||0.71|
|Media, books and cultural industries||0.7|
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