Federal Government Debt Surpasses 500 Billion Euros for the First Time: What it Means for the Future

The federal government debt has surpassed 500 billion euros for the first time at the end of March, according to the Debt Agency. This is a significant milestone as it marks the first time that the debt has reached half a trillion euros. In terms of gross debt, this is not the first time that the federal government has exceeded 500 billion euros, but when looking only at debt, this is a new record.

Jean Deboutte, director of the Debt Agency, stated that the increase in debt is proceeding as planned. By 2024, it is expected that the federal government debt will increase by 21.5 billion euros. Last year, the increase was 27.4 billion euros. It’s important to note that this information pertains solely to the federal government debt and not to the debts of all governments in the country combined which have already exceeded 600 billion euros.