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2h ago

France’s Public Debt Climbs to €3.416 Trillion, 115.6% of GDP, Insee Confirms

Fresh Insee figures intensify pressure on Prime Minister Sébastien Lecornu to present a credible 2026 budget by mid-October under mounting ratings scrutiny.

L'Insee doit dire jeudi si la dette française a encore gonflé au deuxième trimestre
La dette française dépasse désormais les 115 % du PIB.
Une vue du ministère de l'Economie et des Finances, à Paris, le 27 août 2025.

Overview

  • Insee reports a €70.9 billion jump in Q2 2025 debt, driven chiefly by state borrowing of €64.3 billion, taking the total to €3,416.3 billion.
  • The debt ratio rose 1.7 points in a quarter to 115.6% of GDP, up from 113.9% at end-March and 112.1% a year earlier.
  • Fitch downgraded France in September and projects debt could reach about 121% of GDP by 2027 without credible consolidation.
  • Interest-service costs totaled €58.8 billion in 2024 and are projected at €67.1 billion in 2025, according to the HCFP.
  • Sébastien Lecornu faces a mid-October deadline to submit a 2026 budget as unions plan an October 2 mobilization and employer groups convene on October 13.