France lowers deficit in 2015 stronger than expected to 3.5 percent – Reuters Germany

Paris France has its public deficit last year more than initially thought.

However, the country’s debt has never been so high. As the French Statistics Office announced on Friday, the loss in the national budget in 2015 at 3.5 percent of economic output. That was the smallest gap since the global financial crisis of 2008. targeted and the EU had promised France a deficit of 3.8 percent. Despite the better development, the second largest economy in the euro zone breaks to Germany again the EU deficit limit of three percent. 2017 they meet again France.

debt grew, however in the last year to a record level of 95.7 percent of gross domestic product. A year earlier he was still at 95.3 percent. Government expenditure decreased to 56.8 percent of GDP decreased slightly. but was unclear last, how much the higher expenditure on security impact on the state budget. In France there since the Islamist attacks in Paris in November with 130 deaths the state of emergency.