France’s state budget deficit shrank to €42.9 billion in January–March 2026, down from €47.0 billion a year earlier. Revenues rose 11.8% year-on-year to €86.8 billion, outpacing a 4.6% increase in expenditures to €118.0 billion. Special Treasury accounts posted a deficit of €11.7 billion, nearly unchanged from €11.8 billion in the same period last year.