France’s government budget deficit narrowed to EUR 69.3 billion in April 2025 from EUR 91.6 billion in the corresponding period of the previous year. Total revenues climbed by 42% year-on-year to EUR 105.6 billion, while expenditures rose at a softer 3.2% to EUR 158.5 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 16.4 billion, compared to a gap of EUR 12.4 billion in the same period a year earlier.