In France, Public Debt Rises to 119% of GDP a Few Months After the Presidential Election
21 Articles
21 Articles
Public debt is expected to increase to 119.3% of GDP by the end of this year and to 121.7% in 2027.
French public debt increased further in the second quarter, reaching nearly 3.6 billion euros, or 119% of gross domestic product (GDP), announced on Tuesday 29 September INSEE, before a record expected in 2027. A very uncomfortable situation just a few months before the elections.
France's public debt continues to rise, reaching 3,595.5 billion euros at the end of the second quarter, or 119% of gross domestic product. Above all, net debt increases more than gross debt.
France's public debt reached 3.596 billion euros in June, or 119 percent of gross domestic product (GDP). Both are negative records. In nominal terms, the country's public debt has never been so high, and as a percentage of GDP it is now the highest since 1946, when the country was getting back on its feet after World War II, according to data from the French statistics office.
French debt is spiraling out of control. Paris had accumulated debt of almost 3.6 trillion euros, equivalent to 119% of gross domestic product at the end of June, according to national data… French debt at unimaginable heights – It corresponds to 119% of GDP - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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