France caught between record debt and protests demanding more public spending

FinanceInternationalFrance 24Oct 22, 2026, 9:58 PM40 s readAI summary

France faces a projected fiscal deficit of 5.4% of GDP, above the 3% set by eurozone rules, and public debt of 119.3% of GDP, a record since 1978. The risk premium hit its highest level since 2011 and French 10-year bonds yield around 5%, compared with 3.4% for German bonds. Emmanuel Macron's government proposes cutting the deficit to 5% by 2027 through spending cuts, while protesters and unions demand more state investment.

In 40 seconds

Projected deficit of 5.4% of GDP and public debt of 119.3%, a record since 1978
The risk premium hit its highest level since 2011; 10-year bonds yield around 5% versus 3.4% for German debt
The government plans to cut the deficit to 5% by 2027 with spending cuts and 1.2 billion euros more for education

Read the full story at France 24

IASummary generated by artificial intelligence from a story by France 24. It may contain errors: the original source prevails.

Francia
deuda pública
déficit fiscal
eurozona
bonos

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France caught between record debt and protests demanding more public spending

In 40 seconds

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