The net federal government debt in the country has surpassed half a trillion for the first time at the end of March, according to the Debt Agency. This is due to an increase of 8.10 billion euros in debt added in March alone, resulting in a total of 500.534 billion euros. Jean Deboutte, director of the Debt Agency, confirms that this increase is part of the plan and is expected to continue with an additional 21.5 billion euros by 2024.
Last year saw an increase of 27.4 billion euros, bringing the federal government debt to its current figure. However, it’s important to note that when accounting for all government debts in the country, the total surpasses 600 billion euros. While the gross federal government debt has previously surpassed 500 billion including investments, this is the first time the pure debt has reached this figure.
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