Despite a couple of hiccups, a couple of leaks or a couple of frauds right here and there, the French tax machine is working easily. The cash is coming into the coffers. This is proven within the state accounts for 2025 revealed by the Ministry of the Economy and Finance on Tuesday February 3. After two years of spectacular slippage in comparison with forecasts, good tax revenues made it potential this time to succeed in the focused deficit, and even rather less. It was not received.
Overall, the deficit stays large. The State spent 124.7 billion euros greater than it earned in income in 2025. In different phrases: for each 100 euros that enter the state coffers, 131 euros come out to finance faculties, the police, the military, hospitals, pay curiosity on the debt, and so forth. The distinction is roofed by loans, ever extra imposing, and at an growing price.
The excellent news is that this deficit fell by 31.6 billion euros, or 20%, in a single yr. An much more marked lower than within the newest forecasts. It is about “the largest annual drop in the deficit to be financed observed since 2020”, welcomes Amélie de Montchalin, the Minister of Public Accounts.
You have 70.07% of this text left to learn. The relaxation is reserved for subscribers.
https://www.lemonde.fr/politique/article/2026/02/03/le-deficit-de-l-etat-en-baisse-de-20-en-2025-grace-aux-bonnes-recettes-fiscales_6665205_823448.html