Keep track of the French government’s budget deficit in real time.
State budget
public deficit
Projected balance of government expenditure and revenue in 2025
Expected deficit in 2025 of €139 billion (net revenues of €311 billion and net expenditure of €450 billion), following deficits of €168.6 billion in 2024 and €151.7 billion in 2023.
PUBLIC DEFICIT/GDP
Forecast in 2025
0
.4%
EU average: 3.5%. Germany: 1.7%, Italy: 3.3%, Greece 1%.
REAL PUBLIC DEFICIT
Government budget deficit/revenue ratio in 2025
0
.7%
Public spending exceeds revenues by 44.7% (139 billion €).
PUBLIC DEFICIT 2024
Balance of government expenditure and revenue
0
.6
billion €
a slippage of 21.7 billion (146.9 billion initially forecast in the Finance Act for 2024)
PUBLIC DEFICIT/GDP
(2024)
Balance of government expenditure and revenue as a percentage of GDP
0
.8%
compared with 4.4% initially forecast. EU average: 3.2%. Eurozone average: 3.1%. Germany: 2.8%. Italy: 3.4%. Greece: surplus of 1.3%; Portugal: surplus of 0.7%.
ACTUAL PUBLIC deficit (2024)
State budget balance/revenue ratio in 2024
0
.6%
Public spending exceeded revenues by 52,6% in 2024 (or by 169,6 billion €).
compulsory levies/GDP
Rate of all taxes, social contributions and charges levied by general government in relation to gross domestic product (2024)
0
.8%
after 43.2% in 2024. France is no. 1 worldwide for its tax/GDP ratio. EU average: 40.2% (2022). Germany: 38.1%. Ireland: 29.1% OECD average: 33.9%; USA: 25.2%; Switzerland: 27.1%.
taxes and duties
Number of taxes, contributions and fees
0
France holds the world record for compulsory deductions and the number of taxes.
Last budget surplus
51 years of continued government budget deficit
0
Tax LIBERATION DAY
Date until which the average French employee works to finance public services and collective benefits
July
0
th
France is No. 1 in the EU in 2024. EU average: June 11. Germany: July 7. Italy: July 3. United Kingdom: May 1
Sources : INSEE, ministère de l’Économie et des Finances, Banque de France, Agence France Trésor, Loi de finances 2024, Cour des Comptes (“Situation et perspectives des finances publiques”, rapport juillet 2024), Gouvernement (“Programme de stabilité 2024-2027”, avril 2024), Fondation IFRAP, Eurostat, Institut Molinari, Loi de finances 2025.