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The French debt will be without a doubt above 115% of GDP by the end of the year, says Gérald Darmanin

measures to support the economy in the face of the health crisis will severely affect public finances. The French debt is going to "undoubtedly" exceed the threshold of 115% of gross domestic product by the end of the year, has warned Gérald Darmanin, minister of the Action and of the public Accounts.

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"The debt, it is the expenses that we made, and it is a lot, and the recipes that I did not. In this crisis there is a kind of effect chisel, you spend more and you have less tax revenue because there's less activity," he explained to the Grand Jury RTL-Le Figaro-LCI. And, "this will be more than 115% certainly", while refusing to give a more precise estimate: "such things are too important to be able to make comments with the wet finger", he said, while the 115% is provided by the last amending budget in date.

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