French Public Debt Reaches New Record at 117.4% of GDP

French public debt reaches a new record of 117.4% of GDP during debates at the National Assembly.

SUMMARY

French public debt has reached a record level of 117.4% of GDP, prompting a strong warning at the National Assembly during discussions on the finance bill.

KEY HIGHLIGHTS

French public debt reaches 117.4% of GDP, a new historic record.
A joint committee of 14 deputies seeks a compromise on the state budget.
The alert highlights major economic and budgetary challenges for France.

CORE SUBJECT

Record French public debt

A sharp warning sounded like an alarm echoing through the corridors of the National Assembly to remind deputies of the real critical stakes. While 14 parliamentarians were meeting in a joint committee seeking a compromise on the finance bill, French public debt reached a new historic high, standing at 117.4% of the gross domestic product (GDP). This situation highlights the major economic challenges facing France, notably the management of public spending and the need for sustainable budgetary balance. Parliamentary debates are therefore expected to be crucial in defining the country's financial directions in the coming years.

KEYWORDS

public debt GDP National Assembly state budget French economy

MENTIONED ENTITIES 1

National Assembly

🏛️ Organization

French parliamentary institution where budget debates take place.