EXPLAINED: France’s Debt Hits 48-Year High; Why Paris Faces €54 Billion In Cuts | Times Now World

By Times Now World

Community Score: 50% | 401 views | 3w

0 community ratings: null thumbs up, null thumbs down

France’s public debt is projected to reach 119.3% of GDP in 2026, its highest level since 1978, as persistent budget deficits put increasing pressure on the country’s finances. The deficit is forecast at 5.4% of GDP this year, well above the European Union’s 3% reference limit. Prime Minister Sébastien Lecornu has proposed €54 billion in spending adjustments and cuts for 2027, while debt could rise to 121.7% of GDP next year. With borrowing costs, weaker growth and higher energy prices adding pressure, France faces a difficult fiscal challenge ahead of the 2027 presidential election. #france #francedebt #franceeconomy #debtcrisis #europe #europeanunion #eurozone #paris #fiscalcrisis #budgetcrisis #eu #economy #publicdebt #europeanpolitics #lecornu #globalnews #geopolitics #timesnowworld Stay connected with Times Now World for real-time global news and analysis: 🌐 Read full coverage: https://www.timesnownews.com/world 📱 Instagram: https://www.instagram.com/timesnow.world 🐦 Follow

Tags: france debt crisis, france public debt, france debt 2026, france economy, france budget crisis, france €54 billion cuts, france spending cuts, france deficit, france debt highest since 1978, france debt 119.3 percent, france debt 121.7 percent, france 2027 budget, france presidential election 2027, european debt crisis, eurozone debt, eu deficit rules, paris fiscal crisis, france economy crisis, european economy, france news