Public debt reached 114.5% of gross domestic product (GDP) at the end of the first quarter of 2022. This is an increase from 112.9% since the end of December 2021. The figures were published by the National Institute for Statistical Economics (INSEE). In France. France’s President Emmanuel Macron is now under great pressure, and the new Republican President of Parliament has warned that “the situation may be worrisome” in the coming months.
In a fierce warning, Olivier Marlakes was furious, “I’m very angry with the people who put this subject under the table.”
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He told French radio station Europe 1: Europe 1: “Today, reality is catching up with us.
“In the coming weeks and months, if we are not so serious, the situation in France can be very serious, worried and out of control.
“The debt situation in France today is very serious, really very serious, and probably more than serious.”
This significant increase in public debt is primarily due to the surge in government bond growth (+56 billion pounds) as the Social Security Administration’s debt progresses more timidly (+22.1 billion pounds).
Republican President Marleys warned that this was a situation that “brought immeasurable responsibility to all.”
“It is our responsibility to know how the President of the Republic creates the conditions for dialogue and hearing,” he said.
“He has always shown a certain degree of plasticity in matter. In the form of his ego, I don’t know if he can achieve this same plasticity.
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But in a more nightmare situation for France, summer inflation is expected to rise from 5.2% in May to 7% this year, jumping to levels not seen in France for nearly 40 years.
INSEE warned that current price pressures could shift from the energy that has previously caused rising inflation across Europe to food, products and services.
Inflation was estimated to be 2 percentage points higher if the government did not impose measures to control price pressures, including gas and electricity price caps and fuel price rebates.
Additional report by Maria Ortega.