The public debt of France has increased from 61.1 billion euros in the second quarter 2009 to reach a new record of 1 428 billion, or 73.9% of gross domestic product (GDP), according to data released Wednesday by the 'INSEE.
The public debt of France has increased from 61.1 billion euros in the second quarter 2009 to reach a new record of 1 428 billion.
Record government debt of France flies
Facts A budget recovery marked by deficits
Lighting Local taxes: the French will pay for the effects of the crisis
Infographic Tax Rate: large regional disparities
The government made the front wall of the deficit
In "milk strike", the French dairy farmers gathered throughout France for spreading operations of milk in the fields.
Zoom Milk producers maintain the pressure, despite advances
While the 2009 harvest is plentiful, the fall in exports of French wines uneasy occupation.
Facts To sell their stocks, winemakers are calling for sites selling online
Chronicle "Breakingviews" Good news, oil exploration is back
Decryption Gold regains its status as a safe haven
This percentage represents an increase of 3.5 percentage points from the end of the first quarter, when gross debt under the Maastricht amounted to 1 366.9 billion or 70.5% of GDP. Reflecting the widening deficit budgetary and fiscal stimulus, the state debt has increased from 54.6 billion euros in the second quarter to $ 1 135.4 billion, said the INSEE a statement.
Besides government debt, public debt under the Maastricht Treaty takes account of the social security funds (41.7 billion), local governments (141.1 billion) and government bodies Central (ODAC 109.8 billion). The debt of social security funds has widened to 7.7 billion euros while the government has declined to 1.7 billion, a movement comparable to that observed in the second quarter of previous years, said INSEE .
The debt figures of Maastricht in the first quarter were revised down sharply due to the reclassification of the Company to finance the French economy previously classified in a variety of agency headquarters and now outside the scope of government following a decision by Eurostat published July 15.
The public debt of France has increased from 61.1 billion euros in the second quarter 2009 to reach a new record of 1 428 billion.
Record government debt of France flies
Facts A budget recovery marked by deficits
Lighting Local taxes: the French will pay for the effects of the crisis
Infographic Tax Rate: large regional disparities
The government made the front wall of the deficit
In "milk strike", the French dairy farmers gathered throughout France for spreading operations of milk in the fields.
Zoom Milk producers maintain the pressure, despite advances
While the 2009 harvest is plentiful, the fall in exports of French wines uneasy occupation.
Facts To sell their stocks, winemakers are calling for sites selling online
Chronicle "Breakingviews" Good news, oil exploration is back
Decryption Gold regains its status as a safe haven
This percentage represents an increase of 3.5 percentage points from the end of the first quarter, when gross debt under the Maastricht amounted to 1 366.9 billion or 70.5% of GDP. Reflecting the widening deficit budgetary and fiscal stimulus, the state debt has increased from 54.6 billion euros in the second quarter to $ 1 135.4 billion, said the INSEE a statement.
Besides government debt, public debt under the Maastricht Treaty takes account of the social security funds (41.7 billion), local governments (141.1 billion) and government bodies Central (ODAC 109.8 billion). The debt of social security funds has widened to 7.7 billion euros while the government has declined to 1.7 billion, a movement comparable to that observed in the second quarter of previous years, said INSEE .
The debt figures of Maastricht in the first quarter were revised down sharply due to the reclassification of the Company to finance the French economy previously classified in a variety of agency headquarters and now outside the scope of government following a decision by Eurostat published July 15.
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