French public debt to reach new record level in 2027, exceeding 120% of GDP

French taxpayers and public institutions stand to lose vital state support as national obligations expand out of control. The fiscal warning started with the French finance ministry, which disclosed expectations that sovereign debt will reach a record level in 2026, climbing to nearly 120% of GDP. The projection put immediate pressure on Paris to avert a prolonged structural imbalance across state finances.

To prevent a wider deficit blowout, the French Premier intervened by pledging an aggressive fiscal correction. The French Prime Minister vowed to slash public spending by €54 billion, aiming directly to reduce the state deficit. However, the planned savings drive triggered swift resistance, with protests growing across the country against the scale of the proposed budget cuts.

The structural outlook shows debt continuing its upward march despite the government's intervention. As reported by Le Monde, French public debt is now slated to reach another record high in 2027, when it will formally exceed 120% of GDP. That leaves France managing a twin challenge: a multi-year debt trajectory pushing beyond 120% of GDP and rising public protests opposing the €54 billion savings plan.