"According to the text that has now been adopted, the budget deficit is to be reduced to 5% of gross domestic product. There will be higher taxes on some businesses, including an extra tax on large companies' profits, which is expected to bring in around 7.3 billion ($8.6 billion) in 2026. The plan also boosts military spending by 6.5 billion, a move the premier last week described as the "heart" of the budget."
"Lecornu faced no-confidence votes from the hard-left and far-right but managed to weather those storms and got his budget through, using constitutional powers that circumvented having to put it through a parliamentary vote. Only 260 from the left-wing groups and 135 from the far-right in the National Assembly voted against Lecornu's centre-left Cabinet in the two votes, well short of the 289 votes required to bring down the government in the 577-seat National Assembly."
France adopted a 2026 government budget after months of negotiations and no-confidence motions in Prime Minister Sebastien Lecornu's minority government. The budget targets a deficit reduction to 5% of GDP, raises some business taxes including an extra levy on large companies' profits expected to yield around 7.3 billion ($8.6 billion) in 2026, and increases military spending by 6.5 billion. The premier used constitutional powers to secure passage without a full parliamentary vote. Only 260 left-wing and 135 far-right deputies voted against the cabinet, below the 289 threshold to topple the government. The social security budget passed narrowly, while consensus on state expenses remained unresolved.
Read at www.dw.com
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