Latest data released by the French Treasury Agency - 3 July 2018
- Prior -€54.3 bn
That's a lower deficit compared to what the previous year patterns would suggest. Expenditure shrank compared to May 2017, while revenues grew much more than that of May 2017 - and that is what has led to the improved budget balance.
Nonetheless, a minor data point. Not one that will impact markets at this point in time.
