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.