State budget
Keep track of the French government’s budget deficit in real time.
Budget deficit
public deficit
Projected balance of government expenditure and revenue in 2026
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 2026
0
.4%
The 2026 Finance Act provided for a reduction in the deficit target to 5 per cent of GDP, with 75 per cent of the cost of this measure to be funded by tax increases. EU average: 3.1%. Germany: 3,5%, Italy: 2,9%, Greece ; expected surplus of 0,8%.
REAL PUBLIC DEFICIT
Government budget deficit/revenue ratio in 2025
0
,7%
Expenditure is 32.1 per cent higher than the Government’s net revenue. Taxes would need to be raised or expenditure cut by 150 billion to balance the budget.
PUBLIC DEFICIT 2025
Balance of government expenditure and revenue
0
.5
billion €
representing a fall of just 16.1 billion euros compared with 2024, mainly due to a massive fiscal shock (a 51 billion euro increase in compulsory levies).
TAX-TO-GDP RATIO
Rate of all taxes, social contributions and charges levied by general government in relation to gross domestic product (2025)
0
%
According to Eurostat, France once again became the world leader in the tax-to-GDP ratio in 2025, ahead of Denmark (45.1%). EU average: 40.7% (2022). Italy: 43%, Germany: 41.4%, Spain: 38.1%, Ireland: 22.7%. OECD average: 33.9%; United States: 25.6%; Switzerland: 27.2%. OECD average: 34.2%.
Cumulative public deficits since 2017
Total accumulated public deficits for the period 2017–2026
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.
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
52 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.