France's debt rises to 118.2% of GDP at the end of the first quarter of 2021

This progress was attributed “in part” to “support measures related to the health crisis” and to the economic recovery plan, according to the National Institute of Statistics and Statistics report.

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France’s public debt rose more than a quarter to reach at the end of March 2021 the record level of 118.2% of GDP, or 2739.2 billion euros, it was reported on Friday (25 June).forget. This progress is well deserved “in part” to me Crisis Support Measures Du covid-19 And economic recovery plan, but nearly half of this debt “Feeds the general government treasury”, defines the National Institute of Statistics.

After declining by €23.7 billion in the fourth quarter of 2020, France’s public debt “visibly increases” 89 billion euros in the first quarter of 2021, INSEE identifies. The government announced at the end of May that public debt would reach 117.2% of GDP at the end of 2021, after 115.1% a year earlier. At the end of 2019, before the COVID-19 crisis, French public debt stood at 97.6% of GDP.

The contribution of local administrations to the public debt also increased slightly, by 0.9 billion euros, in the first quarter, “Mainly in light of the momentum of regions and municipalities”And the “While the Ile-de-France Mobilité and the Société du Grand Paris are deleveraging” 100 million and 200 million euros, respectively.

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