From France24, October 1:
French Prime Minister Sébastien Lecornu is due on Thursday to present a belt-tightening government budget for 2027, with savings predicted to come from freezing wages in the public sector and all but the lowest pensions. A series of targeted tax measures, including on income revenues and VAT, are expected as well.
France is due to present its 2027 budget bill on Thursday after 0930 GMT, seeking to enact unpopular belt-tightening measures that can lower its deficit and appease increasingly twitchy bond investors ahead of next year’s presidential election.
As has become common in France, where the two previous prime ministers were toppled over their austerity plans, the legislation faces a tough ride in a deeply divided parliament, as political clans position themselves for one of the country’s most consequential elections in modern times.
The vote is due to take place on April 18-May 2, with far-right leader Marine Le Pen far ahead in the polls amid a growing backlash against President Emmanuel Macron’s centrist legacy.
According to a plan seen by AFP, the government hopes to reduce the country’s ballooning deficit with €43 billion in "recovery measures”.....
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Lecornu seems to be the only person in the French government that is taking the debt and deficit seriously.
