14 Hrs
Source:
وكالة الأنباء القطرية
France warns of record public debt in 2024
French Economy Minister Roland Lescours revealed that France's public debt could reach a record level of 121.7% of GDP by 2027, necessitating strict fiscal measures by the government to curb spending and prevent worsening the financial situation. The interest rate on France's ten-year borrowing has risen to around 4.50%, and the widening gap with German interest rates has increased investor concerns about the country's fiscal sustainability. These remarks come after the credit rating agency "Scope Ratings" downgraded France's sovereign rating, posing a challenge for the government to maintain fiscal stability and international confidence.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)