France's government budget deficit widened to EUR 77.3 billion in January-June period from EUR 58.9 in the corresponding period of the previous year and compared with market expectations of a EUR 60.5 billion gap. Government spending went up 2.2 percent to EUR 204.4 billion, while revenues fell 9.8 percent to EUR 143.8 billion. Meantime, the Treasury special accounts, which track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government, recorded a EUR 16.7 billion shortfall in the first half of the year, compared to a EUR 18.4 billion deficit a year earlier. Government Budget Value in France averaged -48.83 EUR Billion from 1994 until 2019, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -148.80 EUR Billion in December of 2010.
Government Budget Value in France is expected to be -64.00 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 -27.00 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -65.00 EUR Billion in 2020, according to our econometric models.