The federal government debt has reached a staggering 500.534 billion euros at the end of March, according to the Debt Agency. This marks the first time that federal debt has surpassed half a trillion euros. Looking only at debt, this is the first time the figure of 500 billion euros has been reached, as Jean Deboutte, director of the Debt Agency, stated. In March alone, 8.10 billion euros in debt was added.
Deboutte explained that the increase in debt is proceeding as planned and is expected to continue until 2024 when it will reach a total of 21.5 billion euros. This is an increase from last year’s addition of 27.4 billion euros. It’s important to note that this information pertains solely to the federal government debt and does not take into account the debts of all governments in the country combined which have already exceeded 600 billion euros.