The government is pressing ahead with the extension of an already-existing health pass to cafes, restaurants and intercity travel, despite four weekends of angry protests that saw almost a quarter of a million rally nationwide on Saturday
It said it would keep debt issuance steady even though government is to submit a revised budget bill to parliament later on Wednesday that foresees a deficit of 220 billion euros, compared with the 173 billion expected previously.
A surge in recent days has seen patients' families taking to social media to beg for oxygen supplies and locations of available hospital beds, and has forced the capital New Delhi to extend a week-long lockdown.
President Emmanuel Macron on Wednesday ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals.
The French central bank said last month that the euro zone's second-biggest economy was set to grow 5.5% this year.
Like many countries, France has seen a surge in savings during the coronavirus crisis due to various restrictions on movement that prevented people from spending in bars, restaurants, cultural venues and on trips.
The central bank estimated last month that households had built savings in excess of what could be expected under normal circumstances of up 120 billion euros ($144.4 billion) last year.