Paris intends still despite economic recovery

The net debt of the capital is expected to reach 7.7 billion euros at the end of 2022, a quasi-doubly in eight years.

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Socialists evoke a “reasonable” management, the right shouts to the “disaster”. In Paris, the Mayor, Anne Hidalgo, prepares to recourse again to the debt in a fairly massive way in 2022. EUR 6.6 billion End 2020, the debt of Paris is expected to rise to 7.2 billion end 2021 , then 7.7 billion euros “maximum” end 2022. This is indicated on Wednesday 10 November Paul Simondon, the Socialist Assistant to Finance, presenting the first budgetary guidelines that will be debated at the Council of Paris, November 16th. If this amount is reached, the capital debt, long remained very wise, will have almost doubled in eight years.

During the Municipal Campaign, Anne Hidalgo was committed to managing Paris without leaking from checks about the future. Already attacked on this theme, the outbound mayor had made the debt did not increase during the year preceding the election, and she had promised to “stabilize” over the duration of his following term. In the immediate future, the health crisis was right for these projections.

In 2020, then in 2021, the pandemic has increased the expenses of the city, amputated its revenue, and brought the re-elected mayor to borrow largely to balance its budget. “In total, COVID has cost us about 1.2 billion euros in two years,” said Paul Simondon. Gold “Faced with this major shock, unpublished, we had no help from the state, add the Grand Argentier de Paris. Even the 17 million euros promised to repay the purchase of masks have not been paid ! “

In 2022, the situation promises to be better. Certainly, the town hall can still not rely on the help of the state, especially in a period when Anne Hidalgo in the campaign for the Elysee chose Emmanuel Macron as a privileged target. But, except new violent epidemic wave, the economic recovery suggests a rebound of the revenue of the city. The return of tourists should result in a rise in the tourist tax: “After being divided by two in 2020, it will come back to its level before the crisis, perhaps from 2022”, Advance Paul Simondon. Similarly, the revival of real estate should lead to an increase in taxation on sales of housing and offices, the famous “notary fees”.

Added to this add some additional resources. Car parking rates were raised in August. The two-wheel drive will also have to pay their parking from the 1 January 2022. As for the rates of the displays and the terraces, they “will be the subject of a magnitude reform for 2022 -2023 “, let’s already warn the City Hall. In total, the municipal team table on operating recipes up 4.7% in 2022.

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/Media reports.