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Radio France Internationale
Radio France Internationale
National
RFI

France faces €5bn in fresh cuts as debt balloons to record high

Last year, France’s deficit was 5.8 percent of GDP – the worst in the eurozone. AFP - LIONEL BONAVENTURE

France’s public debt rose again in early 2025, reaching just over €3.35 trillion at the end of the first quarter – 114 percent of GDP – official figures showed on Thursday. The government now says it needs to find another €5 billion in savings to rein in the ballooning deficit.

The national statistics office INSEE said debt had gone up by €40.5 billion since the end of 2024. France now has the third highest debt in the EU after Greece and Italy.

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