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2h ago

Lecornu Names New French Cabinet as Report Points to €31 Billion in Savings

The prime minister says the government's immediate mission is to steer France out of the political crisis.

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Overview

  • The 2026 budget is set to go to the Council of Ministers on Tuesday with a goal of cutting the deficit to about 4.7% of GDP, according to Tribune as cited by RIA.
  • The reported consolidation totals €31 billion, including roughly €17 billion in spending cuts and nearly €14 billion in new revenues.
  • Sébastien Lecornu pledged to maintain France’s accelerated rearmament path, reflecting Emmanuel Macron’s target of €64 billion in annual defense spending by 2027 with an extra €3.5 billion in 2026.
  • The Élysée announced a reshaped cabinet that keeps Jean-Noël Barrot, Gérald Darmanin and Roland Lescure, and appoints Laurent Nunez as interior minister and Catherine Vautrin as defense minister.
  • Opposition parties National Rally and La France Insoumise have filed no-confidence motions, and Lecornu’s previous cabinet lasted less than a day.