French Parliament to Debate Budget Thursday
- On Tuesday, Prime Minister Sebastien Lecornu urged the Socialist Party to withdraw a motion that would derail the 2027 budget debate in France's National Assembly, scheduled to begin examining the revenue section that evening.
- Lecornu's government aims to reduce the budget deficit to five percent of GDP through €43 billion in spending cuts. Opposition parties including the Socialist Party have criticized the plan for slashing healthcare spending and capping pensions.
- The National Rally announced Tuesday it would vote against the motion, effectively dooming its chances. Public Accounts Minister David Amiel labeled the proposed move 'a boycott motion.'
- Critics demanding a debate in the National Assembly argued, 'Interest rates are soaring today.' A government source countered that financial markets need confidence the deficit reaches five percent.
- Lacking a parliamentary majority, the government faces little prospect of passing the budget through normal procedures. Officials may again use constitutional powers to enact legislation through Parliament without a vote, as occurred last year.
45 Articles
45 Articles
The Local - Fr
The LocalFrance is hurtling towards a precipice of debt
Attention in France is largely focused on student and other protests - but John Lichfield argues that the Budget debates beginning in parliament represent a much clearer and more present danger for the country.
With the streets 'burning' due to cuts in public spending - which started several years ago - Sébastien Lecornu tries to find a way to pass the Budget to 2027. He will hardly succeed, but the markets gave him a day of 'folga': the interest of the yelds at ten years went down.
Since the dissolution of the National Assembly in 2024, the vote on the budget has become a perilous exercise for the French government. While discussions on the 2027 budget have begun, the Prime Minister...
France budget debate faces rocky start as Socialists vow to fight
The French government was on Tuesday set to take the 2027 budget to debate in parliament, with the opposition Socialists and far right staunchly against it, as the government tries to reassure anxious debt markets while containing public anger over…
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