< IMG Loading = "Lazy" SRSC = "/Sites/Default/Files/Styles/Medium/2025-03/Aurore%20mesenge%20Afp.jpg ? Itok = 9q-1yqdf" Width = "1300" Height = "731" Alt = "INSEE" IMG-Fluid Image-Style-Max-1300x1300 "SRC ="/Sites/Default/Files/Styles/Max_1300x1300/Public/2025-03/Aurore%20mesenge%20afp.jpg ? Itok = Iyv0Azrg "/> 62 > 62 > 62 > Mesenge/AFP < P > The deficit widens and the public debt climbs. Insee on Thursday, INSEE put an end to speculation by revealing that the French public deficit reaches 5.8% of GDP in 2024, a more favorable figure than government forecasts, while confirming a record public debt of 3,305 billion euros, thus ending the uncertainty and optimistic forecasts of the executive. “This is not good news, this is too high a deficit,” recognizes Eric Lombard, Minister of the Economy. & Amp; nbsp; & nbsp;
< P >The French public deficit for the year 2024 has been at the heart of numerous speculations and revisions in recent months. Initially provided for at 4.4% of GDP in the finance bill presented in the fall of 2023, this figure experienced several significant adjustments, reflecting the growing economic difficulties with which France is confronted. & Amp; nbsp;< p >< Strong > The deficit 170 billion euros < Strong > & nbsp;
< P > In spring 2024, the previous government, under the direction of Bruno Le Maire, had already revised the increase in this estimate, bringing to 5.1% of GDP. This first revision suggested a greater deterioration than expected from French public finances. This increase in the deficit is equivalent to a deterioration of around 50 billion euros in just a few months. & Amp; nbsp;< P >The Council of Ministers under Michel Barnier came to sink the nail by declaring that the public deficit was likely to exceed 6% of GDP in 2024, arousing the ire of Bruno Le Maire, then accused of “fault”, “concealment” and “desire for deception”, which estimated this figure as a “choice of Government ”. & nbsp; & nbsp; nbsp;
< P > The public deficit thus established 5.8% of GDP, or 169.6 billion euros for the year 2024, according to INSEE. A figure are all lower than 6.1% feared but which still represents a rout having regard to the 5.4% recorded in 2023 and the 4.7% of 2022. “This is not good news, it is too high a deficit, that is why we must reduce it”, alerted the Minister of the Economy Éric Lombard, evoking a ” Sovereignty ”. & nbsp;
< P >He explains this rate lower than forecasts by the fact that “the expenses were very well held” under the ephemeral Prime Minister Michel Barnier. Last week during a hearing at the Senate Finance Committee, he said that the budget forecasts broke out. “The latest accounting information seems more positive. We have good news for the expenses of local authorities and the social sphere”, he explained. & Amp; nbsp;< P >INSEE figures even allow it to put the government on the table to reduce the deficit to 5.4% in 2025, despite forecasts of pessimistic growth. “As long as we are not 3% deficit, debt increases,” he said. And this, which “weighs on future generations”, is another source of concern, having also reached a record. & Amp; nbsp; nbsp;
< P >< Strong > a public debt Record ~ 60 ~/Strong >< Strong > & nbsp;
< P > in the fourth quarter 2024, public debt reached 3305.3 billion euros, or 113% of GDP. A new record with almost 4 billion euros more, after having already exceeded 3300 billion euros in the previous quarter. & Amp; nbsp; nbsp;< P >“The State's contribution to public debt decreases by 3.7 billion euros, after a positive contribution of € 59.8 billion in the previous quarter. The outstanding state negotiable securities decreases slightly (-€ 0.8 billion)” while “the State decreases in parallel its cash (-10.4 billion €) and its detention of credits (-0.6 md €) Its raw debt, its net debt increases (+7.2 billion €) “summarizes the Institute of Statistics. & nbsp; nbsp;
< P > The contribution of social security administrations to public debt dropped to -5.5 MD €, after +10.4 MD € local public increased by € 11.9 billion against +€ 1.3 billion in the previous quarter. & nbsp;< P > but again, the executive welcomes results from the forecasts of the Barnier government, which estimated that the national debt would reach its peak in 2027, to 116.5% of GDP. The same executive had counted on a return of the deficit under 3% by 2029, objective maintained according to the Minister responsible for public accounts, Amélie de Montchalin. & Amp; nbsp;
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