French state debt could be over 115% of GDP by year end - budget minister

PARIS (Reuters) - France's state debt to gross domestic product (GDP) ratio is set to increase to more than 115% by the end of the year due to the cost of coronavirus crisis measures, Budget Minister Gerald Darmanin said in an interview with TV station RTL on Sunday. "It will be no doubt more than 115% at the end of the year," RTL quoted him as saying on its website. He added that the government did not plan to increase taxes to reduce the debt. At the end of March, the INSEE official statistics..