Paris: France's public debt rose to EUR 3.3458 trillion (USD 3.922 trillion) at the end of the first quarter of 2025, marking an increase of EUR 40.5 billion compared to the final quarter of 2024, official data showed Thursday.
According to Kuwait News Agency, the debt, assessed by the Maastricht criteria, rose from EUR 3.3413 trillion in Q4 2024 to EUR 3.3458 trillion in Q1 2025.
As a percentage of GDP, public debt climbed to 114 percent, up from 113.2 percent in the previous quarter, INSEE added.
The report noted that this debt increase was accompanied by a reduction in the general government cash position by EUR 11.4 billion, and to a lesser extent, in other assets. Consequently, net debt increased by EUR 52.6 billion and accounted for 106.1 percent of GDP, the report stated.
The figures underscore the fiscal challenges facing the French government as it seeks to align with EU standards for financial sustainability.
Source: Kuwait News Agency