French public debt to reach new record level in 2027, exceeding 120% of GDP
The government submitted its draft budget bill to the High Council of Public Finances on Friday. The bill provides for new tax increases, which are set to be the main factor in reducing the budget deficit. The public debt, meanwhile, will continue to rise.
<p>The government submitted its draft budget bill to the High Council of Public Finances on Friday. The bill provides for new tax increases, which are set to be the main factor in reducing the budget deficit. The public debt, meanwhile, will continue to rise.</p>