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International Business Times
International Business Times
World
Charlotte DURAND and Jurgen HECKER

INSANE: French deficit worsens to very rare level - The Real Truth

France has one of the eurozone's worst debt levels (Credit: AFP)

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.

The public deficit jumped to 5.5 percent of gross domestic product, or 154 billion euros ($167 billion), statistics agency INSEE said.

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