Economic Calendar
France Budget Deficit Narrows in May
France’s government budget deficit narrowed to EUR 94 billion in May 2025 from EUR 113.5 billion in the corresponding period of the previous year. Total revenues rose by 8.9% year-on-year to EUR 141.0 billion, while expenditures declined 3.3% to EUR 214.5 billion. Meanwhile, the Treasury special accounts, which track the balance of inflows and outflows for targeted and outlays, for example receipts from local government, recorded a shortfall of EUR 20.5 billion, compared to a gap of EUR 21.3 billion in the same period a year earlier.