The French budget deficit increased sharply to EUR 95.6 billion in January-November 2018 from EUR 84.7 billion in the corresponding period of 2017. Government spending rose 1.6 percent to EUR 361.1 billion from EUR 355.3 billion a year ago, while revenues decreased 3 percent to EUR 272.2 billion from EUR 280.5 billion. Meantime, the Treasury special accounts, which track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government, posted a EUR 6.8 billion deficit in the first eleven months of the year, compared to a EUR 10.0 billion gap in the same period of the previous year. Government Budget Value in France averaged -48.63 EUR Billion from 1994 until 2018, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -148.80 EUR Billion in December of 2010.
Government Budget Value in France is expected to be -26.80 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in France to stand at -64.90 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -62.00 EUR Billion in 2020, according to our econometric models.