Lecornu warns France's 2027 deficit could exceed 6.5% of GDP without action
The prime minister is reaching out to National Rally in an effort to align the government's budget plans.
Published
French Prime Minister Sébastien Lecornu said the country's budget deficit would top 6.5% of GDP in 2027 if the government takes no corrective action.
Lecornu is reaching out to National Rally in an effort to align budget plans, according to Les Echos. The outreach comes as the government tries to build support for measures meant to bring the deficit down.
Finance Minister Roland Lescure has already flagged high uncertainty around the budget outlook. Lecornu's warning adds no new detail to that picture, but it keeps the pressure on lawmakers as negotiations continue.
The fiscal strain is already visible in bond markets, where France's 10-year yield recently hit its highest level since October 2008. Lecornu's statement does not change that picture, but it leaves in place the bearish tilt that has built around French debt in recent weeks.