“The perpetual over-indebtedness of France chains future generations”

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TRIBUNE – The French state finds a golden excuse for its permanent budgetary laxity in the current crisis, as serious as it is in itself, explains the director of Ifrap (liberal think-tank) *.

By Agnes Verdier-Molinié

“Regardless of the current crisis, 599 billion public debt will mature by 2023”, recalls Agnès Verdier-Molinié Illustration Fabien Clairefond

According to some commentators, public debt is no longer a problem. The government also assumes this position. France is thus moving towards a public debt representing 115% of GDP this year if we are to believe the new amending finance law 2020. It will undoubtedly be much more.

Admittedly, in this extremely serious period of crisis, everything must be done to save our businesses and our jobs. Having to go into more debt is an indisputable choice.

But is the government justified in maintaining that this exponential debt poses no difficulty? The problem stems from the already huge public debt accumulated in recent years, as well as its implications tomorrow, which should not be underestimated. Regardless of the current crisis, 599 billion public debt will mature by 2023.

Our country is facing the crisis today with more difficulty than our partners in the north of the euro zone

According to IMF forecasts, at the end of the year, in Germany, the public debt will not represent between 115 and 120

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