• France's news in English
 
French confidence up and debt down
French statistics agency INSEE's offices in Lille. Photo: Philippe Huguen

French confidence up and debt down

Published: 27 Dec 2012 17:08 GMT+01:00

The public debt fell by €14.5 billion ($19.2 billion) from the reading in June, or by 1.1 percentage point, to €1.8 trillion or 89.9 percent of gross domestic product (GDP), still far above the EU limit of 60 percent, the official figures showed.

An INSEE statement put the improvement down for the most part to a decrease in debt by national government administrations, which along with social security spending and local administrations comprises the public accounts.

Spending on social security programmes edged lower by a much more modest €1.1 billion, while local spending increased by 400 million.

The government had forecast public debt equal to 89.9 percent of GDP at the end of the year, but also expects it to increase next year to 91.3 percent before declining again in 2014 and 2015.

Meanwhile, household confidence gained an indexed two points from the level in November to 86 points, a separate INSEE statement said.

The increase points towards a possible pick up in consumption, though the December figure remained below the indicator's long-term average.

Your comments about this article

Today's headlines
France's 75 percent tax rate: The damage report
Photo: Philippe Huguen/AFP

France's 75 percent tax rate: The damage report

As France bids a discreet adieu to its divisive 75 percent "super-tax" on the rich, The Local looks at the impact of a reform some critics declared would turn l’Hexagone into "Cuba without the sun" and propel the country's high earners head to the exits. READ  

IN PICTURES
Rare baby tortoises found at Paris airport
The tiny endangered baby tortoises seized at Charles de Gaulle airport in France. Photo: French customs

Rare baby tortoises found at Paris airport

Scores of endangered baby tortoises were found wrapped in tape by French customs officers at Charles de Gaulle airport in Paris on Monday. The species is prized by collectors for their unique shells. READ  

Doctors on strike
French hospitals braced as more doctors strike
French doctors protest on December 23, 2014 in Lyon against an upcoming health bill, prompting fears that hospitals already bracing for a busy Christmas period will be seriously overrun. Photo: Jean-P

French hospitals braced as more doctors strike

A strike by doctors in France was set to reach a critical point on Monday as hundreds of out-of-hours doctors joined the walk-out amid reports that hospital accident and emergency rooms were being stretched to the limit. READ  

WEATHER/TRAVEL
France travel chaos ends but icy spell to continue
Avalanche warnings replace travel alerts. Here's the latest news on the weather and travel in France. Photo: jean-Pierre Clatot/AFP

France travel chaos ends but icy spell to continue

After heavy snow caused no end of chaos at the weekend, here's a look at the latest travel and weather news for the French Alps and the rest of the country, including avalanche warnings for skiers. READ  

Ten ways to spend New Year's Eve in France
Champagne on the Champs Elysées. It's just one way to see in the New Year.

Ten ways to spend New Year's Eve in France

Spending New Year’s Eve in France but not really sure what to do? Whether it's eating foie gras in Europe's biggest cave or watching fireworks on the French Riviera, here are ten great events and ideas to see out 2014 in style. READ  

Ten French onboard burning Adriatic ferry
A Greek passenger who fell from an escape chute into the Adriatic Sea is the only victim so far. Photo: Kris Aria/AFP

Ten French onboard burning Adriatic ferry

Ten French nationals are among the 478 passengers onboard an Italian ferry which caught fire off the Greek island of Corfu in the early hours of Monday morning. Up to 227 people are still believed to be trapped onboard the burning ferry. READ  

COUNTDOWN
IN IMAGES: France's top ten news stories of 2014
Hollande's affair with a younger actress was of course among the biggest stories of the year in France.Photo: AFP

IN IMAGES: France's top ten news stories of 2014

From affairs to comebacks and from deadly storms to rising pollution, here's our countdown of the ten biggest stories from France that made headlines around the world this year. READ  

Snowstorm traps 50 Brits in French Alps gym
The group were among around 15,000 motorists and travellers stranded in France's Savoie region while going to or from ski stations. Photo: Jean Pierre Clatot/AFP

Snowstorm traps 50 Brits in French Alps gym

A group of around 50 British holiday makers bitterly complained of inaction on Sunday after being stuck in a French gymnasium for a second night following heavy snowfall in the Alps. READ  

Heavy snow in French Alps causes traffic chaos
Snow fall as vehicles move bumper-to-bumper along the motorway near Albertville, on December 27, 2014. AFP Photo/Jean-Pierre Clatot

Heavy snow in French Alps causes traffic chaos

Heavy snowfall in the French Alps left some 15,000 drivers stranded overnight into Sunday, forcing many to pass the night in their cars and prompting officials to open emergency shelters. READ  

French mum dies after setting herself alight
The tragic incident took place in the French town of Ambleteuse. File Photo: AFP/Philippe Huguen

French mum dies after setting herself alight

A mother-of-two died on Friday in northern France after setting herself on fire in the courtyard of her home as her 18-month-old daughter slept inside, authorities said. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Culture
What's on in France: Ten ideas for New Year's Eve
Gallery
COUNTDOWN: The 10 biggest news stories from France in 2014
National
It's 2022 and France has a Muslim president - Houellebecq's vision
National
Conspiracy theory: Was the missing Malaysia Airlines flight shot down?
Culture
GALLERY: The French language's fixation with 'les Anglais'
Society
So what does the web tell us about the French in the year 2014
National
Immigration in France: Hollande hits back at the scaremongers
National
Why has The Local got a new logo?
National
Muslims rule France in 2022: The bad boy of French literature is back
Gallery
There are so many things that claim to be French but aren't. Here are 12.
National
Crazy cat stories: Moggie returns after 1,200km trek across France
National
Jacques Chirac's 'head' - The perfect place to hide 1.5 kilos of weed
Gallery
Myths debunked: 11 things you (wrongly) presumed about France
National
Prices are tumbling but the property ladder is increasingly out of reach for the French
Education
IN IMAGES: French universities 'in ruin'. The students have the evidence
National
Life's about to get a lot cheaper for Paris commuters. Or is it?
Gallery
Ten dos and don'ts for partying with the French this Christmas
National
Some famous French fine wines are under threat from high speed trains
National
VIDEO: Homeless bodybuilder turns the streets of Paris into his gym
Business & Money
Noble Prize for Economics: Six things to know about Jean Tirole
Culture
Nobel Literature Prize: Ten things to know about Patrick Modiano
Gallery
Looking for a good Christmas market in France? Here's our top 10
Gallery
IN PICTURES: The top 15 new inventions to come out of France
Sponsored Article
Top ten gifts for an expat Christmas
Gallery
Miss France Farmer: The contest to find a 'real French beauty'
Gallery
IN PICTURES: Lyon's spectacular festival of lights dazzles once again
Gallery
IN IMAGES: Ten French Bond girls through the ages
National
Outrage forces French city to scrap yellow triangle ID cards for homeless
National
All you need to know about the new French Bond girl Léa Seydoux
International
'My iPod's broken' - French jihadists moan about lack of home comforts
National
Race you to the top of the Eiffel Tower. No seriously, I'll race you.
National
And what if Mona Lisa was really a slave from China?
Opinion
Why company bosses in France have just about had enough
National
What impact did a 'giant butt plug' in Paris have on sales of sex toys?
Travel
National Geographic's top world destination for 2015 is in France.
Society
French babies switched at birth: Families seek €12 million damages
National
Why are so many French police officers taking their own lives?
Society
Immigration in France: Ten numbers that matter
Sponsored Article
Win a €250 voucher for your Christmas list
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

410
jobs available
The Local Spain is hiring!
The Local is seeking a new editor for our site in Spain to join our growing team of internationally-minded, driven, ambitious and clued-up journalists.
Details and how to apply