French public debt may total €3.6 trillion in 2027
France’s public debt is projected to increase from the current €3.1 trillion to €3.6 trillion by 2027, TASS reports
“At the moment, France’s public debt stands at € 3.1 trillion (about 110 percent of GDP); by 2027, it could reach € 3.6 trillion,” Head of the Cour des comptes (accounts chamber) Pierre Moscovici told France Inter radio station, adding that debt servicing now costs the country €60bn a year.
“In 2027, this amount may grow to €80 billion,” Mr. Moscovici said.
At the same time, the Head of the Cour des comptes stressed that such a thing would reduce France’s ability to finance other areas, such as ‘education, justice, security or the transition to a green economy’.
“The key task of the new government, whatever it is, should be to reduce the public debt. This is not the task of the right or the left: it is an imperative for everyone,” he said.
