The Aporia · France’s debt climbs to highest since 1995: Ministry

France’s public debt is projected to reach 119.3% of GDP in 2026 and 121.7% in 2027, surpassing levels recorded since late 1995 under current methodology. This increase is attributed to a high deficit that reached 5.1% of GDP in 2025 and is forecasted at 5.4% for 2026, exceeding the EU’s mandated limit of 3%. Prime Minister Sebastian Lecornu announced plans to make budget adjustments worth €54 billion as part of efforts to address these financial challenges ahead of upcoming elections.

Written by AI on 2026-09-19, from this article's own text only (the story summary below draws on all the coverage).

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France's public debt climbed to a level not seen since 1995, reaching 119.3% of GDP in 2026 and forecasted to hit 121.7% in 2027, according to the country’s finance ministry on September 19, 2023. This exceeds the EU's target limit of 60% of GDP. The debt surge is due to a high deficit; in 2025, it stood at 5.1% of GDP and is projected to rise to 5.4% in 2026. To address this, Prime Minister Sebastian Lecornu announced on September 17 that the government plans adjustments worth €54 billion for the 2027 budget but deferred some sensitive decisions to parliament ahead of upcoming elections. France has been under special EU monitoring since 2023 due to these high deficit figures.

Written for “French Debt Increases” on 2026-11-03, grounded in this article and the 0 other(s) covering the same event.

📰 French Debt Increases

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Prime Minister Sebastian Lecornu said on Sept 17 as he outlined the draft budget that the government planned to make adjustments and cuts worth €54 billion (S$79 billion) in the 2027 budget. But with elections on the horizon, he left it to parliament to decide some of the more sensitive measures, such as a government proposal to reduce tax breaks for pensioners.

framing: assertive · carried by 1 article(s) · first seen 2026-09-19

🔮 France’s debt mountain is growing and will in 2026 be at its highest level since 1995 because of a soaring deficit, the country’s finance ministry said on Sept 19.

2026-09-19 · The Straits Times

France’s debt climbs to highest since 1995: Ministry · assertive framing

France’s debt climbs to highest since 1995: Ministry asserted

debt → climb → 1995

France’s debt mountain is growing and will in 2026 be at its highest level since 1995 because of a soaring deficit, the country’s finance ministry said on Sept 19. asserted

ministry → grow → Sept

A ministry source told reporters the public debt will reach 119.3 per cent of GDP in 2026 and 121.7 per cent in 2027 – double the 60-per cent-of-GDP reference limit EU member countries are required to aim for. asserted

countries → tell → GDP

Those debt figures will set records since the state statistics agency INSEE started recording debt levels under the current methodology in late 1995. asserted

agency → set → 1995

The source said the rise in France’s debt was “automatic” as “a consequence of a deficit that remains high”. asserted

that → say → deficit

Under EU rules, the public deficit – the annual shortfall of revenue to spending – is meant to be no more than 3 per cent of GDP. asserted

deficit → mean → GDP

But in 2025, it came in at 5.1 per cent of GDP, and the government forecasts it will hit 5.4 per cent in 2026. asserted

it → come → 2026

France, which has been under special EU monitoring for the past two years because of those high figures, expects its deficit to drop to 5 per cent next year – when it holds elections to choose its next president and government. asserted

it → expect → president

The government has submitted its draft 2027 budget measures to an independent fiscal watchdog, the High Council of Public Finances, to evaluate their viability in macroeconomic terms. asserted

government → submit → terms

he → say → pensioners

The French economy has been slowing since the third quarter of 2025, hit by weak consumer spending and, more recently, the surge in energy prices from the US-Israeli war against Iran. asserted

economy → slow → Iran

France’s debt climbs to highest since 1995: Ministry

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