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Lecornu Unveils Budget as France Faces Tough Talks on Spending

Summary by Devdiscourse
France's government, led by Prime Minister Sebastien Lecornu, is set to unveil a budget plan aiming to reduce the deficit to 4.7% by the end of next year. Plans include cost reductions worth 31 billion euros through spending cuts and increased revenue, with tax measures targeting holding companies and limited pension adjustments.

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PARIS — Finally, D-Day. The Lecornu government unveiled its budget and tabled the 2026 Finance Bill (PLF) and Social Security Financing Bill (PLFSS) in the National Assembly on Tuesday. These are hybrid texts, crafted from choices inherited from François Bayrou and additions from Sébastien Lecornu, but also incomplete. Some important measures are still expected to be proposed through amendments, such as the suspension of pension reform, or be en…

·Brussels, Belgium
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Sébastien Lecornu's government presented the 2026 budget on Tuesday 14 October. On the programme: 13 billion euros in additional revenue and 17 billion euros in savings on expenditure.

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The government wants to tax vaping products and remove the tax reduction for parents of children in secondary or higher education.

·Paris, France
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Sébastien Lecornu announced on Tuesday in the Council of Ministers the draft finance law and the draft financing law of the Secu, which foresees a reduction in expenditure of 17 billion euros and an increase in revenue of 14 billion euros, mainly thanks to numerous tax measures.

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Devdiscourse broke the news in India on Monday, October 13, 2025.
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