France’s state budget deficit widened to EUR 159.6 billion in the January-August period from EUR 157.5 billion a year earlier. Expenditure rose 4.4% year-on-year to EUR 362.97 billion, driven mainly by higher debt-servicing costs amid rising interest rates and inflation, increased military spending, and higher public energy service charges (CSPE). Meanwhile, general budget revenue increased 3.1% to EUR 228.55 billion. Net tax revenue rose to EUR 206 billion, supported by higher net personal income tax, the State’s share of net VAT revenue, net corporate income tax, and other net tax revenue. Non-tax revenue increased to EUR 18.9 billion, mainly due to the return to the State in January 2026 of EUR 6.9 billion in non-consumable endowments allocated under the Future Investment Programs (PIA) in 2010 and 2014, which had reached maturity. Special Treasury accounts posted a EUR 25.2 billion deficit, an improvement of EUR 6.3 billion from the end of August 2025. source: Ministere de l'Économie, des Finances, de l'Action et des Comptes publics, France

France recorded a government budget deficit of 159.60 EUR Billion in August of 2026. Government Budget Value in France averaged -62.88 EUR Billion from 1994 until 2026, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -197.97 EUR Billion in November of 2023. This page provides the latest reported value for - France Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

France recorded a government budget deficit of 159.60 EUR Billion in August of 2026. Government Budget Value in France is expected to be -134.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Government Budget Value is projected to trend around -136.00 EUR Billion in 2027 and -137.00 EUR Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-02 06:45 AM
Budget Balance
Jul €-145.9B €-106.8B €-147.0B
2026-10-06 06:45 AM
Budget Balance
Aug €-159.6B €-145.9B €-160.2B
2026-11-03 07:45 AM
Budget Balance
Sep € -154B


Related Last Previous Unit Reference
Asylum Applications 8655.00 9000.00 persons Aug 2026
Credit Rating 83.00 Oct 2026
Fiscal Expenditure 362.97 328.10 EUR Billion Aug 2026
Government Budget -5.10 -5.80 percent of GDP Dec 2025
Budget Balance -159.60 -145.90 EUR Billion Aug 2026
Government Debt 3595.50 3535.90 EUR Billion Jun 2026
Government Debt to GDP 115.60 112.60 percent of GDP Dec 2025
Government Revenues 228.55 204.72 EUR Billion Aug 2026
Government Spending 168148.00 167487.00 EUR Million Jun 2026
Government Spending to GDP 57.20 57.00 percent of GDP Dec 2025
Holidays
Military Expenditure 68007.60 63574.70 USD Million Dec 2025


France Government Budget Value
The government budget balance is the difference between government revenues and expenses, including the treasure special component. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.
Actual Previous Highest Lowest Dates Unit Frequency
-159.60 -145.90 -4.21 -197.97 1994 - 2026 EUR Billion Monthly
Current Prices, NSA

News Stream
France Budget Deficit Widens in Jan-Aug
France’s state budget deficit widened to EUR 159.6 billion in the January-August period from EUR 157.5 billion a year earlier. Expenditure rose 4.4% year-on-year to EUR 362.97 billion, driven mainly by higher debt-servicing costs amid rising interest rates and inflation, increased military spending, and higher public energy service charges (CSPE). Meanwhile, general budget revenue increased 3.1% to EUR 228.55 billion. Net tax revenue rose to EUR 206 billion, supported by higher net personal income tax, the State’s share of net VAT revenue, net corporate income tax, and other net tax revenue. Non-tax revenue increased to EUR 18.9 billion, mainly due to the return to the State in January 2026 of EUR 6.9 billion in non-consumable endowments allocated under the Future Investment Programs (PIA) in 2010 and 2014, which had reached maturity. Special Treasury accounts posted a EUR 25.2 billion deficit, an improvement of EUR 6.3 billion from the end of August 2025.
2026-10-06
France Budget Deficit Widens in Jan-Jul
France’s state budget deficit widened to EUR 145.9 billion in January-July 2026 from EUR 142 billion in the same period last year, as expenditure growth continued to outpace revenue growth. General budget revenues increased 4.2% year-on-year to EUR 201.2 billion, while expenditures rose 4.6% to EUR 284.2 billion. Excluding tax refunds and rebates, net tax revenues increased to EUR 182.9 billion, supported by higher personal income tax, VAT, corporate income tax, and other tax revenues. Non-tax revenues also rose to EUR 18.3 billion, mainly due to the return of unused investment funds. Meanwhile, higher expenditures reflected rising interest rates and inflation, increased military spending, and higher public service energy charges. Special Treasury accounts posted a EUR 22.5 billion deficit, improving from a EUR 27.1 billion shortfall a year earlier.
2026-09-02
France Budget Deficit Widens in H1
France's state budget deficit widened to EUR 106.8 billion in January–June 2026 from EUR 100.4 billion in the same period last year, as higher spending outpaced revenue growth. General budget revenues increased 3.7% year-on-year to EUR 184.6 billion, while expenditures rose 5.4% to EUR 240.5 billion. Excluding tax refunds and rebates, net tax revenues climbed to EUR 168.5 billion, supported by higher personal income tax, VAT, and other tax receipts, partly offset by lower energy excise revenues. Non-tax revenues also increased to EUR 16.1 billion, mainly due to the return of unused investment funds. Meanwhile, higher expenditures reflected increased debt servicing costs, rising military spending, higher public energy service charges, and new social contribution compensation payments. Special Treasury accounts posted a EUR 17.6 billion deficit, improving from a EUR 20.8 billion shortfall a year earlier.
2026-08-04