French Prime Minister Sebastien Lecornu’s government is set to unveil a budget on Tuesday aimed at cutting the deficit to 4.7% by the end of 2026, La Tribune reported Monday. The plan seeks total savings of EUR 31 billion through EUR 17 billion in spending cuts and EUR 14 billion in additional revenue. Among key measures, the budget reportedly includes a new tax on holding companies used by wealthy individuals. It also stipulates that pensions and social benefits will not rise in line with inflation, reflecting efforts to rein in public spending while boosting fiscal discipline. Lecornu, who resigned last week after just 27 days in office before being renominated by Macron, is the president’s fifth prime minister in five years. He now faces two no-confidence votes and uncertain support to stay in power.
