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Lecornu Sets Budget and Delivers Policy Speech as Socialists Tie Support to Pension Freeze

The survival of his new cabinet could turn on whether he halts the 2023 retirement overhaul.

Overview

  • At 10 a.m., the first Council of Ministers is due to adopt the 2026 budget and the Social Security bill, with a stated goal of keeping the deficit under 5% of GDP and transmitting the texts to Parliament on time.
  • At 3 p.m., Sébastien Lecornu will give his policy speech to the National Assembly under Article 50‑1 without a confidence vote, with group leaders responding before him later in the session.
  • La France insoumise and the RN/UDR alliance have filed separate censure motions, with RN leader Jordan Bardella saying his party will back the LFI text; a successful censure requires 289 votes.
  • Parliamentary arithmetic indicates the motions fall short unless Socialists (69 seats) and ecologists join, and the PS is weighing its own motion if there is no immediate and complete suspension of the 2023 pension law.
  • AFP reports the budget track now targets a deficit just under 5% rather than 4.7%, leaving roughly €9 billion in room for potential concessions, as Macron urges stability and some in the majority signal openness to moving on pensions.