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France Passes Delayed 2026 Budget, Ending Months-Long Saga
The budget cuts the deficit target to 5% of GDP, increases military spending by about €6.5 billion, and raises €7.3 billion in business taxes, passing after no-confidence votes failed.
- After months of deadlock, France's 2026 budget was adopted on Monday after two no-confidence motions failed, with the Socialists refusing to back them.
- Faced with stalled negotiations, the government invoked Article 49.3 after months of impasse following the 2024 snap election and a hung parliament.
- According to the adopted text, the budget raises defence spending by 6.5 billion euros, increases taxes on some businesses including large companies to raise 7.3 billion euros, and targets a budget deficit of five percent of GDP in 2026.
- The adoption gave Prime Minister Sebastien Lecornu's minority government relative stability, investors and markets reacted positively, and the debt risk premium over the German benchmark returned to pre-snap election levels.
- Political analysts note the fragmented centre leaves uncertainty over whether a mainstream candidate can reach the second round, while the far right remains strengthened, as lawmakers avoid unpopular measures.
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149 Articles
149 Articles
·United Kingdom
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This year's budget of highly indebted France has been adopted. Prime Minister Lecornu has taken the last hurdles in the budget dispute and remains in office, even if he had to bypass Parliament for it.
·Germany
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The 2026 budget law was voted on in the French Parliament today after weeks of chaotic debate that forced the government to invoke Article 49.3 of the Constitution to push through the budget under an extraordinary procedure, media reported.
·Belgrade, Serbia
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Total News Sources149
Leaning Left26Leaning Right16Center33Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 35%
C 44%
R 21%
Factuality
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