France sees total govt public debt load at 96.3% of GDP by year-end

French budget statement now out

• 96.5% of GDP by end 2016
• total public expenditure to fall to 55.1% of GDP in 2016 vs 55.8% in 2015
• total tax burden to ease to 44.5% of GDP in 2016 vs 44.6% in 2015
• structural deficit to fall 1.2% of GDP in 2016 vs 1.7% in 2015

French govt still with a lot of work to do