Thursday, October 1, 2009

The public debt will reach 77.1% of GDP in 2009 and up to 90% in 2012

According to the draft 2010 budget law introduced on Wednesday by the council of ministers Christine Lagarde (Economics) and Eric Woerth (Budget), public debt should spend 67.4% of GDP in 2008 to 77.1% in 2009. The 2010 budget provides that public debt will reach 84% next year and continue to move up to 90% in 2012, announced Ms. Lagarde and Mr. Woerth at a press conference at Bercy. AP

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