First time Federal government debt hits 500 billion euros

As reported by the Debt Agency, the net federal government debt has risen to 500.534 billion euros at the end of March, exceeding half a trillion for the first time. While the gross federal government debt has previously surpassed 500 billion including investments, this is the first time the pure debt has reached this figure, according to Jean Deboutte, director of the Debt Agency. In March alone, 8.10 billion euros in debt was added.

Deboutte confirms that the increase is proceeding as planned, with an expected rise of 21.5 billion euros by 2024. Last year saw an increase of 27.4 billion euros. It is important to note that this is specifically related to the federal government debt, and when accounting for all government debts in the country, the total surpasses 600 billion euros.