French public debt will reach 119.8% of national output in 2020 because of the additional cost of a second lockdown in response to the coronavirus pandemic, compared with the 117.5% previously forecast, French Finance Minister Bruno Le Maire told Le Parisien newspaper in an interview.
PARIS: French public debt will reach 119.8% of national output in 2020 because of the additional cost of a second lockdown in response to the coronavirus pandemic, compared with the 117.5% previously forecast, French Finance Minister Bruno Le Maire told Le Parisien newspaper in an interview.
An extra 20 billion euros will have to be budgeted this year to fund measures to compensate businesses for losses incurred during the shutdown in November. France ordered a second lockdown from Friday to at least Dec. 1.
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