France's public deficit drops to 3.5 percent of GDP


(MENAFN) France's public deficit decreased by 3.5 percent of gross domestic product (GDP) last year from 4.0 percent the last two years.

Accordingly, the reduction was "all the more notable" as the government faced unforeseen spending like ramping up security.

Moreover, EU rules set the limit on public debt at 3 percent of an economy's whole annual output.

The country's gross public debt increased slightly in 2015, to 95.7 percent of GDP valuing to more than USD 2.23tr.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.