📈 France’s public debt has hit a new record, reaching 117.4% of GDP
According to INSEE, the debt rose from 115.7% to 117.4% of GDP between the second and third quarters, increasing by €66 billion in just three months.
Taking into account the planned loan to Ukraine, the still not fully approved 2026 state budget, the persistently growing budget deficit, and the rising cost of debt servicing, the pace of France’s public debt growth is expected to accelerate at an unprecedented rate with each new quarter. 💶📉
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