The budget deficit in France increased to EUR 159.9 billion in the ten months to October of 2020 from EUR 107.7 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending increased 11 percent to EUR 319.4 billion with EUR 15.8 billion invested in the Partial Activity Scheme which helps businesses retain employees, EUR 6.5 billion to finance the solidarity fund for companies and EUR 4.3 billion for exceptional financial contributions from the State. Revenues fell 8.7 percent to EUR 212.6 billion, mainly due to lower VAT receipts and housing tax relief for 80% of households in 2020. source: Ministere de l'Économie, des Finances, de l'Action et des Comptes publics, France
Government Budget Value in France averaged -51.84 EUR Billion from 1994 until 2020, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -165.69 EUR Billion in August of 2020. This page provides the latest reported value for - France Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Government Budget Value in France is expected to be -62.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in France to stand at -100.00 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -65.00 EUR Billion in 2021 and -116.00 EUR Billion in 2022, according to our econometric models.