The deficit of the French social security is expected to reach a record €41 billion in 2020 because of the impact of the Covid-19 pandemic on public accounts, according to the budget minister Gérarld Darmanin. The social security system is expected to increase spending by €8 billion because of the pandemic and receive €31 billion less in receipts from social contributions and taxes because of the decline in economic activity. The current record deficit is €21 billion, set in 2010 in the wake of the financial crisis.