In 2025, France intends to raise a record €300 billion on financial markets, surpassing previous historic levels.
According to the Treasury, this amount will exceed the current record of €285 billion set in 2024 and significantly surpass the €270 billion borrowed in 2023.
This figure is based on the draft budget proposed by the previous government led by Michel Barnier. However, the proposal failed to gain the support of all political forces, resulting in a vote of no confidence and the cabinet’s resignation. For now, the Treasury is working with the €300 billion estimate while awaiting final budget approval.
France’s public debt has already reached 112.8% of GDP, raising serious concerns. This week, the country’s parliament passed a special law to ensure the continued operation of state institutions and programs after January 1, even in the absence of an approved budget.
Reducing government spending and lowering the debt level remained key challenges for the previous government. However, disputes over the budget ultimately led to Michel Barnier’s resignation as prime minister. The new head of government, François Bayrou, appointed by President Emmanuel Macron, now faces the task of stabilizing the financial situation and the political system.
