France's fiscal deficit last year was lower than expected but still far exceeded EU standards.

Jin10 Data reported on March 27 that the deterioration of France's public finances last year was less severe than expected, providing a small ray of hope for a government striving to maintain confidence among businesses and households amid a turbulent political, economic, and fiscal backdrop. The French statistics agency stated on Thursday that in 2024, French government expenditure will exceed income by nearly 170 billion euros, accounting for 5.8% of GDP, resulting in a budget deficit. Previously, the government had warned that this year's deficit could exceed 6% of GDP. A slight easing of the deficit is expected in 2025, but it will still be above 5%, far exceeding the EU's 3% limit. With Europe planning to increase spending on military and infrastructure this year and in the future, it is anticipated that fiscal rules will be loosened.