France's government budget deficit widened to EUR 36.9 billion in January-February 2019 from EUR 28.5 billion in the same period last year. Government spending rose 1.3 percent to EUR 64.1 billion, while revenues plunged 25.1 percent to EUR 36.7 billion. Meantime, the Treasury special accounts, which track the balance of inflows and outflows for targeted revenues and outlays, for example receipts from local government, posted a EUR 9.5 billion deficit in the first two months of the year, compared to a EUR 14.1 billion gap a year earlier. Government Budget Value in France averaged -48.58 EUR Billion from 1994 until 2019, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -148.80 EUR Billion in December of 2010.
Government Budget Value in France is expected to be -27.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in France to stand at -64.90 in 12 months time. In the long-term, the France Government Budget Value is projected to trend around -62.00 EUR Billion in 2020, according to our econometric models.