French architecture in France

France Fiscal Balance

France Fiscal Balance

Fiscal Balance in France

France's fiscal deficit fluctuated over the last decade. Efforts to reduce the deficit through spending cuts and tax reforms were partly successful in the years before the pandemic. However, the deficit then widened due to social handouts to quell unrest, a stalled economic reform agenda and the pandemic. In 2023 and 2024, France's budget deficit was among the largest in the Euro area, prompting an official warning from Brussels and government belt-tightening measures to attempt to reduce the shortfall. The fiscal balance in France averaged -4.4% of GDP in the decade to 2022, below the Euro Area average of -2.7% of GDP. The fiscal balance in France in 2022 was -4.8% of GDP. For more fiscal balance information, visit our dedicated page.

France Fiscal Balance Chart

Note: This chart displays Fiscal Balance (% of GDP) for France from 2014 to 2024.
Source: Macrobond.

France Fiscal Balance Data

2020 2021 2022 2023 2024
Fiscal Balance (% of GDP) -8.9 -6.6 -4.7 -5.4 -5.8
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French fiscal balance projections for the next ten years from a panel of 28 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for French fiscal balance.

Download one of our sample reports to visualize what a Consensus Forecast is and see our French fiscal balance projections.

Want to get access to the full dataset of French fiscal balance forecasts? Send an email to info@focus-economics.com.

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen