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Lecornu Pledges Cabinet Before Oct. 1 and Unveils 2026 Budget Path to 4.7% Deficit

He sets a fiscal course that sidelines wealth‑tax plans as a censure test looms.

Overview

  • After 17 days without a cabinet, Sébastien Lecornu says ministers will be named before parliamentary work resumes on 1 October.
  • He targets a 4.7% public‑deficit ratio in 2026 with €6 billion more for pensions, €5 billion for health, and €6 billion in savings on the State’s operating costs.
  • He rules out restoring the ISF and says the proposed Zucman tax is not the right answer, while preparing a budget in which some taxes rise and others fall.
  • He rejects suspending the 2023 pensions reform, citing issues of hardship and women’s careers as matters to address without reopening the whole law.
  • La France insoumise will file a censure motion at the session’s opening on 1 October, and Marine Le Pen says the RN will decide after Lecornu’s policy speech.