At the end of the first quarter 2025, the Maastricht debt accounted for €3,345.8 billion ; it increased by €40.5 billion, after +€3.8 billion in the previous quarter. Expressed as percentage of Gross Domestic Product (GDP), it stood at 114.0 %, after 113.2 % in Q4 2024. As in the previous quarter, the rise in public debt came with a decrease in the general government cash position (-€11.4 billion) and, in a lesser extent, in other assets, so that net debt increased more than gross debt (+€52.6 billion) and accounted for 106.1 % of GDP. [...]