Evolution of France's public finances under Macron

France's annual national budget deficit expressed as a share of gross domestic product. The highlighted range indicates the years Emmanuel Macron has been president.

The 2024 figure is based on comments by Budget Minister Laurent Saint-Martin to lawmakers in September 2024. The methodology to calculate the deficit/GDP ratio was updated in 2024; as a result, the new figures no longer match reports published in previous years (e.g. in 2017, the deficit was 2.6 percent of GDP, which put France out of the excessive deficit procedure.)
Source: INSEE