France’s public debt reaches 119% of GDP, highest since 1946
Rising borrowing costs are set to push debt-service payments to €79 billion this year and €91 billion in 2027, officials said.
72 Articles
72 Articles
At EUR 3,595.5 billion in the second quarter, or 119 per cent of GDP, French debt reached a new summit, while the government is about to present its draft budget on Thursday.
France's debt burden reached 3.6 trillion euros at the end of June, or 119 percent of gross domestic product (GDP). France's debt burden is approaching the levels of Greece and Italy, while the country's economic growth has stalled.
The French national debt has reached not one, but two records. By the end of June, France had accumulated a debt of nearly 3,600 billion euros. With this, the national debt also reaches a historic high. It rises to 119 percent of gross domestic product. This was reported today by France's national statistical institute, Insee.
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