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New budget includes a $7.6m military spending increase and aims to cut the deficit to 5 percent by the end of 2026.<\/em><\/p>\n Published On 2 Feb 2026<\/span>2 Feb 2026<\/span><\/p>\n Click here to share on social media<\/p>\n share2<\/p>\n France has passed a budget for 2026 after two no-confidence motions failed, allowing the legislation to pass and potentially heralding a period of relative stability for Prime Minister Sebastien Lecornu\u2019s weak minority government.<\/p>\n The budget, adopted on Monday after four months of political deadlock over government spending, includes measures to bring France\u2019s deficit down and boost military spending.<\/p>\n list of 3 items<\/span>end of list<\/span><\/p>\n \u201cFrance finally has a budget,\u201d Lecornu said in a post on X. \u201cA budget that makes clear choices and addresses essential priorities. A budget that contains public spending and does not raise taxes for households and businesses.\u201d<\/p>\n Motions tabled by France Unbowed, the Greens and other left-wing groups drew 260 of the 289 votes needed to oust the government. The far-right motion secured only 135 votes.<\/p>\n The results appear on a giant screen of the first vote on no-confidence motions against the 2026 finance bill [AFP]<\/p>\n Budget negotiations have consumed the French political class for nearly two years, after President Emmanuel Macron\u2019s 2024 snap election delivered a \u2060hung parliament just as a massive hole in public finances made belt-tightening more urgent.<\/p>\n The budget talks have cost two prime \u200bministers their jobs, unsettled debt markets and alarmed France\u2019s European partners.<\/p>\n However, Lecornu \u2013 whose chaotic two-stage nomination in October \u200ddrew derision around the world \u2013 managed to secure the support of Socialist lawmakers through costly but targeted concessions.<\/p>\n France is under pressure from the European Union to rein in its debt-to-GDP ratio \u2013 the bloc\u2019s third-highest after Greece and Italy \u2013 which is close to twice the EU\u2019s 60-percent ceiling.<\/p>\n The bill aims to cut France\u2019s deficit to five percent of gross domestic product (GDP) in 2026 from 5.4 percent in 2025, after the government eased back from an earlier target of 4.7 percent.<\/p>\n The budget includes higher taxes on some businesses, expected to bring in about 7.3 billion euros ($8.6bn) in 2026, though the Socialists failed to secure backing for a proposed wealth tax on the superrich.<\/p>\n It also boosts military spending by 6.5 billion euros ($7.7m), a move the premier last week described as the \u201cheart\u201d of the budget.<\/p>\n The Socialists did, however, win several sought-after measures, including a one-euro meal for students and an increase in a top-up payment for low-income workers.<\/p>\n","protected":false},"excerpt":{"rendered":" New budget includes a $7.6m military spending increase and aims to cut the deficit to 5 percent by the end of 2026. Published On 2 Feb 20262 Feb 2026 Click here to share on social media share2 Share France has passed a budget for 2026 after two no-confidence motions failed, allowing the legislation to pass<\/p>\n","protected":false},"author":1,"featured_media":43528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[18718,113,350,2918,150,22750,124,840],"class_list":{"0":"post-43527","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-adopts","9":"tag-budget","10":"tag-fail","11":"tag-france","12":"tag-news","13":"tag-noconfidence","14":"tag-politics","15":"tag-votes"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43527"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/43527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/43528"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Recommended Stories <\/h2>\n
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