The government budget deficit in France widened sharply to EUR 178.1 billion in 2020 from EUR 92.84 billion in 2019. It is the highest budget deficit ever amid efforts to support the economy hit by the coronavirus crisis. Spending increased 14.4 percent to EUR 455.37 billion, with EUR 17.8 billion invested in the Partial Activity Scheme which helps businesses retain employees, EUR 11.8 billion to finance the solidarity fund for companies and EUR 8.3 billion for exceptional financial contributions from the State. Revenues fell 6.1 percent to EUR 282.7 billion, mainly due to lower VAT and company tax receipts. source: Ministere de l'Économie, des Finances, de l'Action et des Comptes publics, France

Government Budget Value in France averaged -52.62 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 -178.10 EUR Billion in December 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 February of 2021.

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 -65.00 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -65.00 EUR Billion in 2022 and -116.00 EUR Billion in 2023, according to our econometric models.

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France Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-178.10 -176.85 -4.21 -178.10 1994 - 2020 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-03 07:45 AM Sep €-161.6B €-165.7B € -145B
2020-12-04 07:45 AM Oct €-159.9B €-161.6B €-132B
2021-01-15 07:45 AM Nov €-176.85B €-159.85B €-166B
2021-02-03 07:45 AM Dec €-178.1B €-176.85B €-170B
2021-03-03 07:45 AM Jan €-178.1B €-27B
2021-04-02 06:45 AM Feb
2021-05-04 06:45 AM Mar
2021-06-02 06:45 AM Apr


News Stream
French Budget Gap Hits Record High
The government budget deficit in France widened sharply to EUR 178.1 billion in 2020 from EUR 92.84 billion in 2019. It is the highest budget deficit ever amid efforts to support the economy hit by the coronavirus crisis. Spending increased 14.4 percent to EUR 455.37 billion, with EUR 17.8 billion invested in the Partial Activity Scheme which helps businesses retain employees, EUR 11.8 billion to finance the solidarity fund for companies and EUR 8.3 billion for exceptional financial contributions from the State. Revenues fell 6.1 percent to EUR 282.7 billion, mainly due to lower VAT and company tax receipts.
2021-02-03
French Budget Gap Continues to Widen
The budget deficit in France widened to EUR 176.9 billion in the eleven months to November of 2020 from EUR 113.9 billion a year ago, amid continuing efforts to support the economy hit by the coronavirus crisis. Government spending surged 12.1 percent to EUR 410.3 billion while revenues fell 6.8 percent to EUR 234 billion.
2021-01-15
France Budget Gap Widens YoY in the 10 Months to October
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.
2020-12-04
French Budget Gap Continues to Widen
France's government budget deficit increased to EUR 161.6 billion in the first nine months of 2020 from EUR 109 billion a year earlier, amid efforts to support the economy hit by the coronavirus crisis. Government spending jumped 10 percent from a year earlier to EUR 328.9 billion with EUR 14.8 billion invested in the Partial Activity Scheme which helps businesses retain employees and EUR 6.2 billion to finance the solidarity fund for companies. Revenues slumped 10.2 percent to EUR 191.2 billion, mainly due to lower VAT receipts, amid a general fall in consumption, the acceleration of VAT refunds to companies and lower social security contributions. The Treasury special accounts, which track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government posted a EUR 23.9 billion shortfall, slightly higher than a EUR 22.9 billion gap in the period a year earlier.
2020-11-03

France Government Budget Value
The government budget balance is the difference between government revenues and expenses, including the treasure special component. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.