France's public debt amounted to 117.4% of GDP
France's public debt increased to €3.482 trillion by the end of the third quarter of 2025 and amounts to 117.4% of the republic's GDP. This was announced on December 19 by the National Institute of Statistics and Economic Research of France (INSEE).
It is noted that in the second quarter alone, the national debt showed an increase to €70.9 billion, after which the figure in the third quarter amounted to €65.9 billion.
The growing public debt was accompanied by an increase of €6.4 billion in the cash position in the public sector. Thus, net debt increased less than gross debt and amounted to 109.0% of GDP.
On November 22, the French National Assembly rejected the draft budget for 2026. It was clarified that the amended version of the bill submitted by the National Assembly would reduce the budget deficit, which is already the largest in the eurozone, from 5.4% this year to 5% of GDP, which is generally closer to the target of 4.7%. At the same time, the government stated that some of the approved measures, including taxes on multinational corporations and share buybacks, are not applicable in the proposed form.
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