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Paris Audit Finds City Finances ‘Degraded’ as Debt Exceeds €9 Billion

The regional audit body warns investments now rely on borrowing beyond prudential limits, a finding set to shape the municipal campaign.

Overview

  • The Île-de-France regional audit office reviewed Paris’s 2021–2024 accounts and concluded the city moved from a fragile to a degraded financial position.
  • Operating expenses rose about 13% over the period versus 11.6% for revenues, eroding fiscal margins identified by the auditors.
  • The CRC reports an outstanding debt stock a little over €9 billion at end‑2024 and says financing now depends on debt above prudential ratios.
  • Auditors cite very heavy investment commitments, notably for social housing, and note the city has already used revenue levers including significant tax increases.
  • Opposition figures seized on the findings to accuse the city of poor spending control, while the mayoral majority criticized the report’s timing and called the inquiry botched; the matter is slated for debate at the Conseil de Paris on 7 October.