France’s Fiscal Challenge Ahead of the 2027 Election

In this paper, we discuss:

• Why France’s fiscal position is becoming increasingly difficult to sustain;
• How the 2027 budget and presidential election complicate fiscal consolidation;
• Why rising borrowing costs are increasing market concerns over French debt;
• How political uncertainty is adding to pressure on French bond markets;
• Why the next president will inherit a difficult balance between fiscal adjustment and weak growth.

Download PDF: France – September 2026