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France's public debt down by 10.3 bln euros in Q3

Xinhua, December 23, 2016 Adjust font size:

France's public debt stood at 2.160 trillion euros (2.25 trillion U.S. dollars) in the third quarter this year, registering a decrease of 10.3 billion euros compared with the previous quarter, official figures showed Friday.

During the July-September period, debt accounts for 97.6 percent of the country's gross domestic product (GDP), some 0.9 points lower than the rate reported in the second three months of the year, according to French statistics bureau Insee.

During the third quarter, "all the sub-sector debts went down," Insee said.

The third quarter's cost of security funds fell by 4.8 billion euros while the value of the state debt was at 1.722 trillion euros, down by 2.3 billion euros.

The government expected public debt to go down to account for 96.1 percent of GDP this year and 96 percent in 2017. (1 euro=1.04 U.S. dollar) Endit