Lecornu details €54bn 2027 budget effort: state spending freeze, pensioner and local authority savings, no tax rises

French PM Sébastien Lecornu detailed a €54bn budgetary effort for 2027 with no tax increases, via a freeze on state spending, savings from pensioners and local authorities, a freeze on civil servants' pay index point and a "carence" period for foreigners, and possible use of Article 49.3. He targets a 2027 deficit of 5% of GDP and aims to trim the one-off tax on large firms to €5bn.

Detected & updated continuously · Source: Nebula