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2026-09-19 19:24:10
[French Draft Budget: Public Spending and Debt to Remain High in 2027] ⑴ The French draft budget projects public spending to reach 56.9% of GDP in 2027 and 57.1% in 2026. ⑵ The draft projects tax revenue to reach 44.2% of GDP in 2027. ⑶ The draft projects debt to GDP to reach 121.7% in 2027 and 119.3% in 2026. ⑷ From a market sentiment perspective, the persistently high spending and debt ratios indicate that fiscal consolidation pressures and financing costs will continue to be a focus. ⑸ Further attention should be paid to budget details, deficit path, and rating agencies' assessments of France's fiscal credibility.
