French deficit, public debt in 2013 worse than expectedMonday 31 March 2014 07.40
French public deficit and debt in 2013 were higher than previous government estimates, official data showed today, dealing a fresh blow to President Francois Hollande a day after disastrous local polls.
The French public deficit stood at 4.3% of gross domestic product (GDP), compared with 4.9% the previous year, according to data released by the INSEE statistics agency.
Previous government estimates said it would stand at 4.1%.
Public debt meanwhile amounted to 93.5% of GDP, compared with 90.6% the previous year. The government earlier estimated it would stand at 93.4% of GDP.
The figures dealt a further blow to beleaguered Hollande, who was reeling from catastrophic local election results that saw his Socialist party trounced by the centre-right UMP as well as gains for the far-right National Front.
France is the euro zone's second-biggest economy, and the state of its finances are closely watched by its partners, in particular economic powerhouse Germany.