> Compared to?

It's EU peers.

If France wants to support Ukraine and rebuild it's army, it will be required to borrow heavily to purchase arms.

If France wants to rebuild manufacturing supply chains domestically, it will be required to borrow heavily to invest in infra.

The above two will be in the tens to hundreds of billions of Euros range.

France ALSO spends tens to hundreds of billions of Euros on social services.

France ALSO needs to pay it's existing interest on debt, which is in the tens of billions of Euros a year and rising.

France needs to cut 2 of the first 3 choices - they cannot cut the 4th one due to EU regulations and if France does not want to become the next Argentina.