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2h ago

Lecornu Races to Form Government With Budget Deadline Hours Away After LR, UDI Exit

The Constitution requires Parliament to have 70 days to examine the 2026 budget, forcing a presentation at the start of the week.

Sébastien Lecronu a été reconduit au poste de premier ministre, vendredi 10 octobre dans la soirée. Ici, lors de son entretien sur France 2 le 8 octobre.
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Le Haut Conseil des finances publiques doit rendre son avis ce lundi sur le budget.
Le prochain locataire de Matignon devra, s’il veut respecter les textes, déposer son budget dès lundi.

Overview

  • Les Républicains and the UDI said they will not join the new cabinet, leaving Lecornu dependent on the presidential camp and MoDem as Horizons withholds its decision.
  • Opposition parties threaten immediate censure, while the Socialist Party sets conditions that include dropping 49.3, pledging purchasing-power measures, and suspending the pension reform.
  • Government lawyers say the prime minister can present the budget without a fully formed cabinet, but Macron’s planned trip to Egypt could complicate holding a Monday cabinet meeting.
  • The public-finance watchdog HCFP will deliver its opinion Monday, with reporting that it deems the government’s 2025 deficit target of 5.4% of GDP credible.
  • Lecornu’s draft forecasts a deficit near 4.7% of GDP in 2026 on a path to 3% by 2029, and missing the timetable could force ordinances or a special law to authorize 2026 tax collection.