French Prime Minister Sébastien Lecornu on Thursday presented 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 were also predicted, though the country's independent fiscal watchdog said the plans to reduce the deficit were "limited" in light of the challenge facing the government.
The French government's deficit reduction plans in its 2027 budget represent a minimum effort in light of the challenge of getting the finances back on track, the country's independent fiscal watchdog said on Thursday.
