Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

190 714 500 000 €

This is the amount of increase of the French public debt from 2008 to 2009. It represents 10 GDP points. While making a lot of noise about the 22 billion contracted for the recovery plan, the government kept quiet about the rest, that is, 168 714 500 000 € that went for current expenses of the State, local administrations and social security.

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