France's Public Debt Hits 119% of GDP; Budget Targets 5% Deficit
1 report, 1 independent
Updated Sat 00:00
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What happened
INSEE reported that public debt, measured using the Maastricht definition, reached €3.5955 trillion at the end of Q2 2026. This figure represented 119% of gross domestic product and was €59.6 billion higher than the Q1 level. France's draft budget for 2027 projects public interest costs of €91.2 billion.
From econotimes.com
Why it matters
The government is proposing a 5% deficit target for 2027, although it projected a 5.4% deficit for 2026. Lawmakers are scheduled to vote on the revenue section of the budget on October 20, with a full budget vote planned for November 17.
From econotimes.com
Who's involved
- MaastrichtLocation where the debt measurement took place
- HungaryCountry currently being assessed against Eurozone entry criteria
- FrenchEnglish cricketer
- AlkermesCompany scheduled to present research in Maastricht
- Charlotte HawkinsBritish television presenter who visited Maastricht's Christmas markets
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The entities involved
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Maastricht
city, municipality and capital of province Limburg, the Netherlands