
Debt reached 3,595.5 billion euros at the end of the second quarter, according to INSEE
AI-generated summary
The French public debt has increased by more than 1,300 billion euros since the election of Emmanuel Macron in 2017, under the effect of “whatever it takes” during the health crisis, then of the tariff shield and aid in the face of the surge in energy prices aggravated by the war in Ukraine.
With their backs to the wall, have the French finally realized the urgency of straightening out the accounts? Everything suggests this, at a time when France has 3,595.5 billion euros in debt at the end of the second quarter, or 119% of gross domestic product (GDP), according to the latest figures from INSEE. A sum all the more difficult to absorb as the slate has increased by more than 1,300 billion since the election of Emmanuel Macron in 2017, in particular under the effect of the “whatever it takes” deployed during the health crisis. Then the tariff shield and aid introduced in the face of soaring energy prices, aggravated by the war in Ukraine.
Not to mention the interest that France must pay each year to its creditors, which further widens the public deficit, estimated at 5.4% of national wealth this year. A picture so dark that nine out of ten French people (92%) see it as a very strong threat to the future of the country, after hearing most of those responsible...

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