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The public deficit widens to 9.2% of GDP in 2020

2021-03-26T06:49:34.425Z


Public debt soared in France last year to 115.7% of gross domestic product (GDP). With the Covid-19 crisis, the deficit reached its “highest level since 1949”.


Public debt soared in France last year to 115.7% of gross domestic product (GDP) and the deficit widened to 9.2%, its "

highest level since 1949

". of an unprecedented health and economic crisis, INSEE said on Friday.

Read also: The crisis has derailed the trajectory of public debt

The debt thus reached 2,650.1 billion euros and the deficit 211.5 billion euros, even if the drift in public finances is a little less important than what the government expected, which was counting on a deficit of 11.3% and a debt of around 120%.

Source: lefigaro

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