France’s government budget deficit stood at EUR 142 billion in the first seven months of 2025, narrowing from EUR 156.9 billion in the same period last year. The improvement reflected a 1.1% drop in government spending to EUR 313 billion, alongside a 6% rise in revenues to EUR 198.2 billion. Meanwhile, the Treasury special accounts — which track the balance of targeted inflows and outflows for targeted and outlays, such as receipts from local governments — posted a shortfall of EUR 27.1 billion, compared with a EUR 27.3 billion gap a year earlier.