The Ministry of Economy has transmitted its budget allocations for 2027, capping total state spending increases at 1.5 billion euros excluding Defense and debt servicing, for a total of 304.1 billion. Only the Ministry of the Armed Forces escapes this austerity drive, in a geopolitical context pushing Paris to maintain its rearmament trajectory. France displays a public debt approaching 117.5% of GDP and a state deficit of 106.8 billion euros in the first half of 2026. This extreme belt-tightening contrasts with expected inflation of 1.7% in 2027, nearly four times the maneuvering room granted to all civilian ministries. Bercy aims to meet the deficit target of under 3% promised for 2029, at the cost of a real-terms decrease for almost the entire administration.
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