France's government budget deficit increased to EUR 161.6 billion in the first nine months of 2020 from EUR 109 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 10 percent from a year earlier to EUR 328.9 billion. Revenues slumped 10.2 percent to EUR 191.2 billion, mainly due to lower VAT receipts, amid a general fall in consumption, the acceleration of VAT refunds to companies and lower social security contributions. 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 23.9 billion shortfall, higher than a EUR 22.9 billion gap in the period a year earlier. source: Ministere de l'Économie, des Finances, de l'Action et des Comptes publics, France

Government Budget Value in France averaged -51.49 EUR Billion from 1994 until 2020, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -165.70 EUR Billion in August of 2020. 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 November of 2020.

Government Budget Value in France is expected to be -62.00 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 -100.00 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -65.00 EUR Billion in 2021 and -116.00 EUR Billion in 2022, according to our econometric models.

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France Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-161.60 -165.70 -4.21 -165.70 1994 - 2020 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-04 06:45 AM Jun €-124.88B €-117.85B € -105B
2020-09-04 06:45 AM Jul €-151.04B €-124.88B €-128B
2020-10-02 06:45 AM Aug €-165.69B €-151.04B €-140B
2020-11-03 07:45 AM Sep €-161.6B €-165.7B € -145B
2020-12-04 07:45 AM Oct €-161.6B €-132B
2021-01-15 07:45 AM Nov
2021-02-04 07:45 AM Dec
2021-03-03 07:45 AM Jan


News Stream
French Budget Gap Continues to Widen
France's government budget deficit increased to EUR 161.6 billion in the first nine months of 2020 from EUR 109 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 10 percent from a year earlier to EUR 328.9 billion with EUR 14.8 billion invested in the Partial Activity Scheme which helps businesses retain employees and EUR 6.2 billion to finance the solidarity fund for companies. Revenues slumped 10.2 percent to EUR 191.2 billion, mainly due to lower VAT receipts, amid a general fall in consumption, the acceleration of VAT refunds to companies and lower social security contributions. 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 23.9 billion shortfall, slightly higher than a EUR 22.9 billion gap in the period a year earlier.
2020-11-03
France Government Budget Gap Continues to Widen
France's government budget deficit widened to EUR 165 billion in the first eight months of 2020 from EUR 123.1 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 9.7 percent from a year earlier to EUR 299.3 billion, with EUR 13.7 billion invested in the Partial Activity Scheme which helps businesses retain employees and EUR 5.9 billion to finance the solidarity fund for companies. Revenues went down 7 percent to EUR 168.1 billion, mainly due to lower VAT receipts, amid a general fall in consumption, the acceleration of VAT refunds to companies and lower social security contributions.
2020-10-02
French Budget Gap Continues to Widen
France's government budget deficit widened to EUR 151 billion in the first seven months of 2020 from EUR 109.7 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 10.4 percent from a year earlier to EUR 269.3 billion, while revenues went down 6.3 percent to EUR 142.25 billion
2020-09-04
French Public Deficit Widens Sharply in H1
France's government budget deficit widened to EUR 124.88 billion in the first half of 2020 from EUR 77.34 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 12.8 percent from a year earlier to EUR 230.55 billion, while revenues slumped 10.1 percent to EUR 129.27 billion.
2020-08-04

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.