Sustainability Bonds Framework

French Public Sector Central public administration 80% of public expenditures (including social security entities) 40% of public investment (including social security entities) Debt = approx GDP 102.4 % Local authorities 20% of public expenditures 60% of public investment Debt = 8.2% GDP Sources Insee, March 2024. 7 CAFL Lo bonque des collectivités

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