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. source: Ministere de l'Économie, des Finances, de l'Action et des Comptes publics, France

France recorded a government budget deficit of 106.80 EUR Billion in June of 2026. Government Budget Value in France averaged -62.41 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 August of 2026.

France recorded a government budget deficit of 106.80 EUR Billion in June of 2026. Government Budget Value in France is expected to be -120.00 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 -123.00 EUR Billion in 2027 and -124.00 EUR Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-02 06:45 AM
Budget Balance
May €-93.3B €-69.6B €-96.0B
2026-08-04 06:45 AM
Budget Balance
Jun €-106.8B €-93.3B €-104.0B
2026-09-02 06:45 AM
Budget Balance
Jul €-106.8B


Related Last Previous Unit Reference
Asylum Applications 9165.00 7180.00 persons Jun 2026
Credit Rating 83.00 Aug 2026
Fiscal Expenditure 276.85 222.13 EUR Billion Jun 2026
Government Budget -5.10 -5.80 percent of GDP Dec 2025
Budget Balance -106.80 -93.30 EUR Billion Jun 2026
Government Debt 3536.10 3460.50 EUR Billion Mar 2026
Government Debt to GDP 115.60 112.60 percent of GDP Dec 2025
Government Revenues 187.69 149.55 EUR Billion Jun 2026
Government Spending 168180.00 167434.00 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
-106.80 -93.30 -4.21 -197.97 1994 - 2026 EUR Billion Monthly
Current Prices, NSA

News Stream
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
France Budget Deficit Narrows in Jan-May
France's state budget deficit narrowed to EUR 93.3 billion in January–May 2026 from EUR 94.0 billion in the same period last year, as revenue growth outpaced spending. General budget revenues increased 6.0% year-on-year to EUR 149.5 billion, while expenditures rose 3.5% to EUR 222.1 billion. Excluding tax refunds and rebates, net general budget revenues climbed 6.9% to EUR 147.3 billion, driven by higher corporate tax, VAT, personal income tax, and non-tax receipts. Meanwhile, net general budget expenditures rose 2.9% to EUR 195.0 billion, reflecting higher debt servicing costs, increased military spending, and larger public energy service charges. Special Treasury accounts posted a EUR 20.7 billion deficit, slightly wider than the EUR 20.5 billion shortfall recorded a year earlier.
2026-07-02
France Budget Deficit Narrows Slightly in Jan-Apr
France’s state budget deficit narrowed slightly to €69.6 billion in January–April 2026 from €69.3 billion a year ago. Revenues increased 8.0% year-on-year to €114.1 billion, outpacing a 5.7% rise in expenditures to €167.5 billion. Meanwhile, Special Treasury accounts posted a deficit of €16.2 billion, narrowing slightly from €16.4 billion in the same period last year.
2026-06-02