France, Poland, Romania hit record-high public debt in third quarter 2025

France, Poland, and Romania reached historically high levels of government debt in the third quarter of 2025.

France’s public debt surged to a record 117.7% of GDP by the end of the second quarter, rising 1.8 percentage points over the quarter, Caliber.Az reports, citing the European Union’s official statistics agency.

Romania followed closely, with its debt increasing 1.6 percentage points to a historic 58.9% of GDP. Poland’s debt remained at 58.1% of GDP.

Europe also saw local debt peaks. Belgium reached 107.1% of GDP, Portugal 97.6%, and Germany 63%.

Other countries registering notable highs included Lithuania at 40.7% (its highest since the fourth quarter of 2021), Luxembourg at 27.9% (peak since 2023), and Austria at 83.7% (highest since late 2021).

By Jeyhun Aghazada