French Public Debt Falls

France’s public-debt level fell in the third quarter of the year as debt in the social-security system declined, statistics showed Friday.

France’s public debt as a percentage of economic output fell to 98.1% at the end of the third quarter from 99.1% at the end of the second, statistics agency Insee said.

A rise in the central state’s debt level was offset by falling debt of the social-security system and a slight decline in local-authority debt, the statistics showed.
Source: Dow Jones