What percentage of French revenue was spent on repaying interest on debt, according to Judy Anderson?

The selection of 37.5% as the percentage of French revenue spent on repaying interest on debt, according to Judy Anderson, is grounded in historical economic analysis regarding the financial strain faced by France in the years leading up to the Revolution. During this period, a significant proportion of the government’s revenue was allocated to merely servicing its debt, reflecting the challenges of a monarchy heavily reliant on borrowed funds. This percentage highlights the limited available resources for public expenditures and investments in other critical areas, further exacerbating dissatisfaction among the populace and contributing to the revolutionary mood. The understanding of this figure underscores the fiscal crisis and the urgent need for systemic reform in the financial structures of France at that time.