European Parliament (Strasbourg, France) – The Commission presented its assessment of the budgetary outlook for the 27 member states to the European Parliament on Tuesday, stating that the French government’s budget proposal aligns with the recommendations from the excessive deficit procedure initiated against Paris in July 2024.
France has until 2029 to reduce its deficit below 3% of GDP, as stipulated by the European Stability Pact.
According to Brussels’ forecasts released in mid-November, the French public deficit is projected to decrease to 4.9% of GDP next year, down from 5.5% this year. This is in line with government expectations, which foresee a deficit of 4.7% in 2026 following 5.4% in 2025.
“However, this evaluation comes with significant uncertainty due to ongoing parliamentary debates,” the European executive cautions. Eight other member states, including Belgium, Italy, and Poland, are also under the excessive deficit procedure. (November 25, 2025)
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