The public debt of France, the EU's second-largest economy, is reaching a new all-time high. According to draft budget data released by the French Ministry of Economy and Finance on September 19, local time, the share of French public debt in GDP is expected to rise from 115.7% in 2025 to 119.3% in 2026, and further reach 121.7% in 2027. In terms of debt ratios, France currently ranks among the top EU member states, only below Italy and Greece. But the two countries' debt ratios are stabilizing or falling, while France's debt is still rising rapidly. In the face of multiple headwinds in the global economic and trade market, the tightening of the European economic environment, and the upcoming 2027 domestic elections, France's financial health is increasingly being scrutinized by the international market. According to an “Eurodynamic” review article, although the world's major developed economies now frequently break through fiscal barriers, it is necessary to ask where the next serious crisis may break out. One country “stands out”, and that is France.

The public debt of France, the EU's second-largest economy, is reaching a new all-time high. According to draft budget data released by the French Ministry of Economy and Finance on September 19, local time, the share of French public debt in GDP is expected to rise from 115.7% in 2025 to 119.3% in 2026, and further reach 121.7% in 2027. In terms of debt ratios, France currently ranks among the top EU member states, only below Italy and Greece. But the two countries' debt ratios are stabilizing or falling, while France's debt is still rising rapidly. In the face of multiple headwinds in the global economic and trade market, the tightening of the European economic environment, and the upcoming 2027 domestic elections, France's financial health is increasingly being scrutinized by the international market. According to an “Eurodynamic” review article, although the world's major developed economies now frequently break through fiscal barriers, it is necessary to ask where the next serious crisis may break out. One country “stands out”, and that is France.