French public debt set to climb as deficits hit 5% of GDP, ministry warns

According to the Ministry of Economy and Finance, France's public debt is on an upward trajectory, fueled by persistent deficits that amount to 5% of GDP. The debt stock reached 3,536 billion euros in the first quarter, and officials expect it to continue expanding in the subsequent years. The ministry noted that two years ago, projections anticipated a lower debt ceiling for the same timeframe, indicating that fiscal pressures have intensified.

While the exact future debt level was not quantified, the trend points to a growing burden on the state's finances. Policymakers are warned that the mounting debt could constrain future fiscal flexibility.