Debt at 110% of GDP: “We are very far from the path of Greece”

The news was expected, but the figures published this Tuesday by INSEE confirm it: France’s public deficit reached 5.5% in 2023, that is, 154 billion euros. Much more than the 4.9% initially planned by the Government, and the 3% imposed by the European Union. This hole of 154 billion euros between budgetary expenses and income further widens the debt, which now amounts to 3,101.2 billion euros. Alexandra Roulet, professor of economics at Insead and former adviser to Élisabeth Borne at Matignon and Emmanuel Macron, puts these bad figures in perspective.

A deficit of 5.5% of GDP, is it serious?

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