French Finance Ministry Projects Public Debt-to-GDP Ratio at 119% in 2026, 122% in 2027
The debt ratio will remain far above the EU’s 60% limit as the government faces a deficit of 5.4% of GDP this year, officials said.
- On Saturday, the French finance ministry reported public debt will reach 121.7% of GDP by 2027, the highest level since data recording began in 1995, roughly double the 60% reference limit.
- Officials described the debt surge as 'automatic,' citing a persistent deficit that reached 5.1% of GDP last year and is forecast to hit 5.4% this year, exceeding the 3% EU limit.
- Prime Minister Sebastian Lecornu outlined a draft 2027 budget on Thursday, proposing €54 billion in adjustments and spending cuts that the High Council of Public Finances is evaluating.
- France has been under special EU monitoring for two years due to these fiscal figures, and with elections approaching next year, Lecornu deferred sensitive pensioner tax break proposals to parliament.
- Economic growth has slowed since the third quarter of 2025, driven by weak consumer spending and surging energy prices stemming from the US-Israeli war against Iran.
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French finance ministry expects record debt in 2026, reaching nearly 120% of GDP
PARIS, Sept 19 (Reuters) - France's debt is expected to reach a record high of 119.3% of output in 2026, with a projected debt-to-GDP ratio of 121.7% in 2027, the finance ministry said on Saturday, in the latest indication of the country's deteriorat...
France's debt level will continue to increase and could reach a record level next year: 119.3 percent of gross domestic product (GDP) in 2026 and 121.7 percent in 2027, the French Ministry of Economy and Finance indicated on Saturday.
On Saturday 19 September, the Ministry of Economy stated that France's debt level would continue to grow to 119.3% of GDP this year and 121.7% in 2027. In the first half of 2026, France's debt was the third largest in the euro area.
Reformatorisch Dagblad
France's government debt is rising to a record high. Because the French government is failing to curb the budget deficit this year, the mountain of debt is also growing.
Government expects debt to rise to 119.3% of GDP in 2026 as budget deficit remains high
Public deficit consequences of the war in the Middle East and drought
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