French Public Debt Nears Record 122% of GDP Amid Fiscal Crisis

Key Facts

1French public debt is expected to reach nearly 122% of GDP, setting a new record high.

2Public debt stood at nearly 3.6 trillion euros at the end of June, equivalent to 119% of GDP.

3France's growth forecast is just 0.4% as the government warns the budget will exceed EU spending limits.

French public debt is expected to reach nearly 122% of GDP, setting a new record high according to The Times of India. Public debt stood at nearly 3.6 trillion euros at the end of June, equivalent to 119% of GDP, while economic growth forecasts are limited to just 0.4%.

France faces mounting fiscal pressure as the government warns that the budget will exceed European Union spending limits. This comes alongside weakening economic indicators, with the French Composite PMI recorded at 48.4 on October 23, 2026, reflecting the broader stagnation in the Eurozone's second-largest economy.

The market is awaiting the release of France's annual GDP growth rate on October 30, 2026, which is forecasted at 0.4%. On the same day, the annual inflation rate report is scheduled for release, with expectations set at 3.2%.