France faces growing national debt and needs to cut spending
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uza.uz

France faces growing national debt and needs to cut spending

France's financial situation is under unprecedented pressure as the national debt continues to grow. It is planned that by 2027, the ratio of public debt to gross domestic product will reach 119.3 percent.

Despite the government preparing austerity measures amounting to 54 billion euros for 2027, the country's financial situation remains extremely strained, reaching a level not seen since 1978.

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