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French public debt reaches 99.6% of GDP



Thus, GDP increased by 1.2 percentage points compared to the end of December.

Where does this degradation come from?

At the end of the first quarter of 2019, Maastricht's public debt amounted to 2,358.9 billion euros, or 43.6 billion euros more than in the previous quarter, INSEE said.

According to INSEE, this change is explained by the contribution of government accounts to the debt, which increased by 42 billion euros in the first three months of this year. "By contrast, municipalities are worth up to 1.0 billion and departments to 0.4 billion", they still notice public statistics.

By contrast, the debt of social security funds (Asso) decreased in the same period. It fell by 1.2 billion " especially because of Acossa and Cnaf "says INSEE.


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