France's government budget deficit widened to EUR 76.1 billion in 2018 from EUR 67.7 billion in 2017. Government spending rose 1 percent to EUR 390.7 billion from EUR 386.9 billion a year ago, while revenues edged 0.1 percent higher to EUR 313.8 billion from EUR 313.6 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 0.8 billion surplus in 2018, compared to a EUR 5.5 billion surplus in 2017. Government Budget Value in France averaged -48.72 EUR Billion from 1994 until 2018, 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 -26.80 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.