Politics

French PM Lecornu says ongoing austerity measures this year mean 2026 deficit should remain well below 5.5% of GDP

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French PM Lecornu expects 2026 deficit well below 5.5% of GDP via austerity, targeting 5% in 2027 without tax hikes following abandoned 2026 5% goals.

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Deficit target in draft budget reaches 5% of GDP for 2027. Will not raise taxes.

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