France delays launch of COVID-19 economic reboot plan to September

By: |
August 22, 2020 5:17 PM

"The recovery plan is ready, the timetable for its implementation still stands," government spokesman Gabriel Attal said in a statement.

Schools are set to reopen on Sept. 1, after most were closed during a two-month lockdown earlier this year to fight the coronavirus, and the government is working to ensure protective measures will be adequate, Attal said.Schools are set to reopen on Sept. 1, after most were closed during a two-month lockdown earlier this year to fight the coronavirus, and the government is working to ensure protective measures will be adequate, Attal said.

The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, instead of next Tuesday, as it focuses on preparing the new school term.

“The recovery plan is ready, the timetable for its implementation still stands,” government spokesman Gabriel Attal said in a statement.

Schools are set to reopen on Sept. 1, after most were closed during a two-month lockdown earlier this year to fight the coronavirus, and the government is working to ensure protective measures will be adequate, Attal said.

France has already outlined some of the parameters of its crisis measures, including cuts to domestic business taxes, investment in promoting jobs for the young and funding for environmental initiatives.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1‘Just when India should be presenting as China’s alternative, Soviet-style statism is creeping back’
2Govt to decide on subsidised cooking gas by BPCL before financial bid stage
3Govt examining next version of PMKVY: RK Singh