France's public debt reaches 117.5% in Q1

Public debt in France has risen to 117.5% of GDP in the first quarter of this year,amounting to 3,536.1 billion euros, marking an increase of 75.6 billion euros compared to the previous quarter. This rise comes as the government prepares to convene a financial assessment committee to address the challenges of debt and deficit management, aiming to reduce the deficit to 5% by 2026 and decrease the debt to around 118% of GDP before reaching a deficit of less than 3% in 2029. France's public debt is the third highest in the European Union, after Greece and Italy.

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