France has announced plans to borrow a record amount on the bond market next year, days before the government unveils its 2027 budget this Thursday. As the country's debt hits its highest level in 80 years and investors up their rates, ministers are under pressure to slash spending – yet surging inflation, strikes and approaching elections are setting the stage for a tussle in parliament over proposed cuts.
France will borrow €340 billion in 2027, some €28 billion more than this year, the government agency responsible for managing the country's debt announced on Tuesday, two days before the budget bill is due to be presented.
