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France's public debt down in Q3

Xinhua,December 22, 2017 Adjust font size:

PARIS, Dec. 22 (Xinhua) -- For the July-September period in 2017, France reported a total of 2.22 trillion euros (2.63 trillion U.S. dollars) of debt, pulling the debt ratio to the gross domestic product (GDP) down by 1 percentage point from second quarter, official data showed on Friday.

According to Insee statistics bureau, the country's debt narrowed by 5.5 billion euros over the period with the debt ratio to the GDP down to 98.1 percent due mainly to 8.8 billion euros cut in security fund's costs.

The government's net debt for Q3 slowed to 2 trillion euros, or about 88.2 percent of the GDP compared to 89 percent in the previous three months.

The government expects public debt to account for 96.8 percent of GDP for the whole year of 2017 and next year. (1 euro=1.185 U.S. dollar) Enditem

 

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