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France’s public debt reaches 119% of GDP, highest since 1946
- On Tuesday, the Agence France Trésor announced plans to borrow a record €340 billion in 2027, representing 28 billion euros more than this year to finance government spending and repay debt coming due.
- France faces these borrowing needs as its public deficit is forecast to hit 5.4 percent of GDP this year, exceeding the three percent limit mandated by international EU rules.
- Borrowing costs have surged, with French 10-year bonds trading at 4.8 percent on Tuesday, reaching levels last seen during the global financial crisis and straining government finances.
- Prime Minister Sébastien Lecornu vowed earlier this month to cut the deficit without austerity, yet faces pressure to reduce spending with presidential elections approaching in months.
- The AFT announcement arrives two days before the government presents its 2027 state budget, with officials planning to issue medium- and long-term bonds to raise the required funds.
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92 Articles
92 Articles
France has announced plans to borrow a record amount on the bond market next year, despite concerns that government bond yields have reached levels not seen since the global financial crisis.
The hole increases by 64 billion in the last year. The government shoots the state debt at record levels after adding another 4.2% in one year
·Madrid, Spain
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France plans to borrow 340 billion euros on the markets in 2027, a new record. Between the refinancing of maturing debts and still high deficits, the government's emissions programme will have increased by 80 billion euros in just five years.
·France
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Coverage Details
Total News Sources92
Leaning Left7Leaning Right11Center12Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 23%
C 40%
R 37%
Factuality
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