French Q1 public debt jumps to 93.6% of GDP
French debt
Paris - XINHUA
The French public debt widened by 45.5 billion euros (62.12 billion U.S. dollars), hitting 93.6 percent of gross domestic product (GDP) in the first quarter of the year, official data showed on Monday.
According to Insee statistics bureau, France reported a total of 1.985 trillion euros of debt at the end of June, pulling the debt ratio to the GDP up by 1.8 percentage points from last three months of 2013.
First quarter's rise stemmed mainly from 43.3 billion euros growth in the state debt over the period while cost of social security funds rose by 4.6 billion euros to 216.3 billion euros at the end of March, it said. (1 euro = 1.365 U.S. dollar)
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