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France to borrow 340B euros in 2027
France plans to borrow 340 billion euros in 2027, reaching a record level, an increase of 28 billion euros compared to the estimates for 2026. This is to finance the recovery plan after EU support ends, with the cost of servicing debt rising to around 73 billion euros. This increase results from medium- and long-term bond maturities issued to address the aftermath of the COVID-19 pandemic and the energy crisis, emphasizing that the new debt is issued at higher interest rates than previous maturities. The government aims to reduce the fiscal deficit to 5% of GDP in 2027, with borrowing costs expected to reach 4.3% that year.
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