The French Prime Minister said that efforts will be made to reduce the budget deficit rate in 2026.

date
27/09/2025
French newly appointed Prime Minister Lecornu said on the 26th that the French government plans to control the fiscal deficit ratio at 4.7% of the gross domestic product in 2026, and further reduce it to about 3% in 2029. Lecornu accepted an interview with Le Parisien on the same day to introduce the main contents of the 2026 fiscal budget draft. He said that by cutting daily financial expenditures in 2026, it can save 6 billion euros. The government will also strengthen control over social expenditures and local government spending, and will introduce laws to combat tax and social security fraud. At the same time, the government will increase investment in people's livelihoods, planning to increase the pension budget by 60 billion euros and the healthcare budget by 50 billion euros. He stated that the 2026 fiscal budget draft will be submitted to parliament for discussion and deliberation during the autumn session of the National Assembly in October. The draft incorporates the results of preliminary consultations with trade unions, employer organizations, and major political parties. He also warned that if the parliament fails to pass the 2026 budget draft by the end of the year, France's future fiscal deficit ratio may rise to 6%.