France’s public debt rose to a record €3.536 trillion at the end of the first quarter of 2026.

Axar.az reports, citing the National Institute of Statistics and Economic Studies (INSEE), the debt increased by €75.6 billion compared with the previous quarter, reaching 117.5% of GDP, up from 115.7% in Q4 2025.

The rise was mainly driven by higher central government borrowing, with state debt increasing by €66.3 billion, while social security funds added €8.2 billion.

Net public debt also climbed by €55.6 billion to €3.301 trillion, equivalent to 109.7% of GDP.

The latest figures highlight continued pressure on France’s public finances as the government faces challenges in reducing deficits and slowing debt growth.