French Public Debt Tops $4 Trillion in Record High

France’s public debt has surpassed $4 trillion, reaching a new record at the end of the second quarter, according to figures released by the French statistics agency on Tuesday.

The data showed public debt rising to 119% of gross domestic product, highlighting the scale of government borrowing relative to the country’s economy.

The latest reading marks a further increase in France’s debt burden. The figures provided did not specify the size of the rise from the previous quarter.

The record level puts the country’s public finances in focus, with both the total debt stock and its share of economic output underscoring the challenge of bringing borrowing under control.