What We Know About Draft Budget 2027 Presented on Thursday
21 Articles
21 Articles
The government has an "effort" of €54 billion for 2027 behind which there are already planned savings and a "trend" that has become "a matter of budgetary communication".
Government aims to bring budget deficit down to 5% of GDP in 2027
It was necessary to find 54 billion euros. The government found them without increasing taxes massively, but by squeezing public expenditure almost everywhere. Less revalued pensions, sickness stops under surveillance, frozen ministerial budgets, communities committed: the draft budget 2027 organizes a vast braking operation. With one exception, sizeable: defence, which earns 6.4 billion euros. With a goal - achievable ?- of deficit at 5%, the g…
This Thursday (1 October), Roland Lescure, Minister of Economy and Finance, will face political instability and macroeconomic numbers, which are disastrous. In recent years, all budgets are a grueling battle and 2027 will be no different.
On Thursday he presented the first draft of his budgets for 2027, which seeks to cut €43 billion in expenditure and thus achieve the target of 5% of the public deficit.
PM Sébastien Lecornu's bill seems to lightly reduce the public deficit after it overshot in 2026. Amid soaring interest rates and Sluggish growth, it is an ambitious goal. Given the quick of a majority in the Assembly, there is no guarantee the bill will be adopted.
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