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.