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المشهد العربي
French debt costs rise 25% amid growth slowdown
France's budget is experiencing a 25% increase in debt service costs this year, reaching 65 billion euros, due to geopolitical tensions and disruptions in international bond markets. Finance Minister Rolan Lescourt stated that government spending on interest payments exceeds the amounts allocated for education and defense. He also acknowledged that economic growth forecasts have been revised downward to 0.5%, from previous expectations, and admitted that there is little chance of achieving the goal of reducing the budget deficit to 5% of GDP this year.
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