PARIS: France’s public debt has climbed to a record 119% of gross domestic product, putting fiscal policy at the centre of debate ahead of next year’s presidential election.
Debt reaches €3.596 trillion
Associated Press reported that French public debt stood at €3.596 trillion as of June 2026. The government expects the ratio to approach 122% of GDP next year even as it proposes substantial spending reductions.
Debt servicing is consuming a growing share of the state budget as interest costs rise.
Political parties offer different responses
Candidates and parties differ sharply over taxation, spending and debt management. The fiscal debate is unfolding alongside wider social tensions and concerns about public services.
Follow France economy and politics at NewsNationOnline. Source: Associated Press.
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