#2025-12714 Şubat 2025 Tarihli 2025 Yılına Dair Maliye Yasası 2025-127
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The French Finance Law for 2025 outlines the expected financial balances, public spending, and tax revenues for the year. It includes projections for public administration deficits, debt levels, and public expenditure trends, along with specific fiscal measures and budget allocations for various sectors.
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Key Changes
- Projected structural deficit reduced from 5.5% to 4.8% of GDP
- Increase in public spending forecasted to 1,695 billion euros
Obligations
What this law requires
Public administrations must achieve a structural balance (solde structurel) of -4.8% of potential GDP in 2025, compared to -5.5% in 2024
Central government administrations must limit public spending (excluding tax credits) to €662 billion in 2025, with volume growth of 0.6%
Local public administrations must limit public spending (excluding tax credits) to €342 billion in 2025, with volume growth of 1.2%
Social security administrations must limit public spending (excluding tax credits) to €800 billion in 2025, with volume growth of 1.6%
Public administrations must maintain the mandatory tax collection rate (prélèvements obligatoires) at 43.5% of GDP in 2025