Public Finance

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On Friday, December 19, the Insee announced that France's public debt now stands at 3,482 billion euros, or 117.4% of GDP, a record level outside times of war or pandemic. This increase of 65.9 billion euros over three months highlights a worrying trajectory, with analysts warning of a potential market crisis if no correction occurs.

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A barometer from the Conseil des prélèvements obligatoires, released on November 27, indicates that tax consent remains high in France. Yet, a growing majority of French people voice dissatisfaction with public finance management. Taxpayers believe public services could improve without increasing levies.

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