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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The debt of France is expected to reach 121.7% of GDP by the year 2027, compared to 117% at present. Our economic columnist Catherine André delivers his analysis on LCI. - "We are more and more like Italy in 2011": at 121.7% of GDP, French debt is expected to break a new record in 2027 (Economy).
Paris. France’s public debt will reach record levels in 2026 and 2027, when it will touch 122 percent of gross domestic product (GDP), the Ministry of Finance said, days after the government proposed a fiscal adjustment of $62 billion.
France's debt goes to a record level of 119.3 per cent of output in 2026, amid a projected deficit of 5.4 per cent and the high cost of borrowing, while the Government is planning a fiscal action of 54 billion euros.
France's public debt will increase to 119.3% of Gross Domestic Product (GDP) in 2026 and to 121.7% in 2027 respectively, declared a source from the French Ministry of Finance, Saturday, according to AFP. The level is more than twice the reference limit set for the EU States, of 60%. As a value compared to GDP, ...
French public debt projected to reach highest level since 1995
Paris, Sept. 19 (SANA) France’s public debt is set to reach its highest level since 1995 this year, driven by a sharp budget deficit, the French Ministry of Finance stated Saturday. A ministry source, quoted by AFP, said the public debt-to-GDP ratio will reach 119.3% in 2026 and 121.7% in 2027—nearly double the European Union‘s 60% benchmark limit. These record levels represent the highest figures since the National Institute of Statistics and…
(London=Yonhap News) Correspondent Kim Ji-yeon = Amid growing fiscal instability in France, the national debt is projected to reach 119.3% of GDP this year and 121.7% next year...
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