The FINANCIAL — France’s public debt jumped in the first quarter of the year, driven higher by social security and central state spending, according to Nasdaq.
France’s public debt burden rose 51.6 billion euros ($57.2 billion) in the first quarter to EUR2,089 billion, French statistics agency Insee said. That total represents 97.5% of gross domestic product, compared with 95.6% in the fourth quarter of 2014.
The central state’s debt rose EUR38.9 billion in the first quarter and the debt of the social security system rose EUR15.8 billion, Insee said.
