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Euronews
Euronews
Angela Barnes

France debt set for highest level since 1978 as fiscal strain grows

France European Union GDP

France's debt mountain is growing and will this year be at its highest level since 1978 because of a soaring deficit, the country's finance ministry said at the weekend.

A ministry source told reporters the public debt would reach 119.3% of GDP in 2026 and 121.7% in 2027, more than double the 60% of GDP reference limit EU member countries are required to aim for.

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