France: Public Debt At 110.7 Pct. In Q1 '24

6/28/2024 7:22:42 AM

(MENAFN- Kuwait News Agency (KUNA)) PARIS, June 28 (KUNA) -- At the end of Q1 2024, Maastricht's debt reached EUR 3.159.7 billion (USD 3.380 billion); increasing by EUR 58.3 billion after +EUR 6.4 billion in previous quarter, the French National Institute of Statistics and Economic Studies said Friday.
In a press statement, the Institute said the country's gross domestic product (GDP) stood at 110.7 percent, after 109.9 percent in Q4 2023. Conversely to the previous quarter, the increase in public debt came with a slight growth of the general government cash position (+EUR 5.3 billion), so that the net debt increased slightly less than the gross debt (+EUR 52.4 billion) and stood at 102.4 percent of GDP, noted the statement.
It contributed the increase mainly to the State and its cash position, as well as to social security funds; to a lesser extent. (end)
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