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France's parliament approves emergency budget

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AP Paris
Last Updated : Apr 18 2020 | 3:22 PM IST

France's lower house of parliament approved an emergency budget overnight that takes into account the government's 110 billion euro (USD 120 billion) plan to save the economy from virus-related collapse.

The budget includes bonuses for medical staff, funds to help struggling workers and families, and aid to businesses including strategic industries like aviation and car manufacturing.

The bill goes to the Senate on Tuesday. The government has warned that France's economy, one of the world's biggest, could shrink 8 per cent this year and see its worst recession since World War II.

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First Published: Apr 18 2020 | 3:22 PM IST

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