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France's public debt rises to 97.5 pct of GDP in Q1

Xinhua, June 30, 2015 Adjust font size:

In the January-March period of 2015, France's public debt rose to 2.089 trillion euros (2.335 trillion U.S. dollars), or 97.5 percent of gross domestic product (GDP), official data showed on Tuesday.

According to Insee statistics bureau, the country's debt increased by 51.6 billion euros, pulling the debt-to-GDP ratio up by 1.9 percentage points from the fourth quarter of last year.

The first quarter's cost of security funds increased by 15.8 billion euros while the value of the government's net debt was at 1.86 trillion euros, or about 87.1 percent of GDP during the first three months of the year compared to 86.8 percent reported a quarter earlier.

The government expected public debt to account for 96.3 percent of GDP this year and 97 percent in 2016. (1 euro = 1.117 U.S. dollars) Endit