France debt to reach record 120 percent of GDP in 2026
France faces worsening public finances as the finance ministry projects debt to hit a record 119.3 percent of GDP in 2026. The government aims to implement austerity measures despite a divided parliament and rising borrowing costs.
France's public debt will climb to 119.3% of economic output in 2026, reaching 121.7% the following year, the finance ministry said on Saturday afternoon. The projection marks a sharp deterioration from the 115.7% ratio recorded in 2025 and sits well above levels seen before the pandemic. Rising liabilities underscore mounting fiscal pressure as the government struggles to contain public spending ahead of national elections.
