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The French Government presented its draft budget for 2027 on Thursday, 1 October, with an adjustment plan of EUR 43 billion through expenditure cuts and higher tax revenues. The administration of Prime Minister Sébastien Lecornu faces a projected deficit of 5.4% of GDP in 2026 and a public debt that could reach 121.7% of GDP in 2027, well above the limits of the European Union.
The French Government presented its draft budget for 2027 on Thursday, 1 October, with an adjustment plan of EUR 43 billion through expenditure cuts and higher tax revenues. The administration of Prime Minister Sébastien Lecornu faces a projected deficit of 5.4% of GDP in 2026 and a public debt that could reach 121.7% of GDP in 2027, well above the limits of the European Union.
