French Government Sees Debt Rising Above Forecast of 115% of GDP

France’s debt will likely rise above the government’s forecast because of the fallout from the coronavirus crisis, according to Budget Minister Gerald Darmanin.

In its latest budget in April, the government forecast debt at 115% of economic output. France has already rewritten its budget twice this year and the government plans a third emergency budget in June to account for the effects of the pandemic, including spending to support workers and businesses.