France's public debt is growing and does not want to stop. Exceeded EUR 3.4 trillion

France's public debt increased in the second quarter of this year. by almost EUR 71 billion and is currently over EUR 3.4 trillion, i.e. 115.6 percent. GDP – the French Statistical Office of Insee said on Thursday. For comparison, in the second quarter of 2024 it was 112 percent. GDP.

An increase of almost EUR 71 billion occurred between April and the end of June this year.

This increase was expected. According to the forecasts that the Ministry of Economy presented in the spring, the debt was to amount to 116.2 percent. GDP at the end of this year, and in 2026 is to reach 117.6 percent. GDP. Then the highest value is to be achieved in 2027 – 118.1 percent. GDPand only then, when implementing budget savings, the debt would start to fall.

However, savings activities must only be implemented, and the new government, which has to face the task of organizing public finances, is undergoing creation. Prime Minister Sebastien Lecorn, who consult with political parties, trade unions and employers, will present budget proposals by the end of this week.

AWL/ AP/