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French Q2 public debt jumps to 98.4 pct of GDP: Insee

Xinhua, September 30, 2016 Adjust font size:

France's public debt reached 2.17 trillion euros (2.427 trillion U.S. dollars) in the second quarter, an increase of 31.7 billion euros from a quarter earlier, official figures showed on Friday.

Over the April to June period, debt accounted for 98.4 percent of the country's gross domestic product (GDP), up from 97.5 percent in the first three months of 2016, French statistics bureau Insee said.

The second quarter's rise stemmed mainly from the 29.8-billion-euro growth in the state debt over the period, Insee figures showed.

The government expects public deficit to reach 3.3 percent of GDP this year and 2.7 percent in 2017, when the debt is forecast to represent 96.5 percent of the country's national wealth from 96.2 percent expected at the end of this year. Endit