On Tuesday, 14 October, the ‘Lecornu II’ administration unveiled France’s draft budget for 2026, which aims to reduce the public deficit from 5.5% of GDP in 2025 to 4.7% in 2026 and bring it under 3% in 2029 in line with France’s commitments to its European partners.
According to the French High Council of Public Finance, the announced savings would amount to €30 billion, that being less than the level envisaged by the ‘Bayrou’ administration in September...