Federal Government Debt Surpasses Half a Trillion Euros for the First Time in March 2021″.

At the end of March, the federal government debt reached a record high of 500.534 billion euros, surpassing half a trillion euros for the first time, as reported by the Debt Agency. This is despite the fact that in terms of gross debt, the federal government has exceeded 500 billion euros before. However, when looking only at debt, this is the first time that figure has been reached.

According to Jean Deboutte, director of the Debt Agency, the increase in debt is proceeding as planned and is expected to continue until 2024 when it will reach 21.5 billion euros. This is an increase from last year’s 27.4 billion euros. It’s important to note that this information pertains solely to the federal government debt and does not include the debts of all governments in the country combined which have already exceeded 600 billion euros.