French official public debt rises to 80.3 percent of GDP

30th June 2010, Comments 0 comments

French public debt rose sharply in the first quarter of the year to 80.3 percent of national output, an official estimate showed on Wednesday amid deep concern on financial markets about eurozone debt.

The statistics office INSEE said in a first estimate that at the end of March the public sector debt rose by 46.5 billion euros (56.7 billion dollars) from the figure for the previous quarter to 1.535.5 trillion euros.

European Union rules say that the debt should not exceed 60 percent of gross domestic product.

© 2010 AFP

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