New budget includes a $7.6m military spending increase and aims to cut the deficit to 5 percent by the end of 2026.
France has approved its 2026 budget, following two failed no-confidence motions, which aims to reduce the deficit to 5% of GDP and increase military spending by €6.5 billion ($7.6 million). Prime Minister Sebastien Lecornu emphasized that the budget prioritizes essential needs without raising household or business taxes. The plan also introduces higher taxes on certain businesses while offering concessions to Socialists, including a one-euro meal for students. This budget reflects ongoing pressures to manage France’s debt amid a backdrop of political instability and previous government challenges.
