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Lecornu Unveils €54 Billion Budget Plan for 2027

A government effort to cut the deficit to about 5% of GDP is now denounced by union leaders and left parties as austerity.

Overview

  • Prime Minister Sébastien Lecornu presented the broad lines of the plan on Thursday, September 17, calling for roughly €54 billion of savings to bring the 2027 deficit close to 5% of GDP.
  • Key government measures spelled out include a freeze of the civil‑service point d’indice, targeted cuts across ministries and agencies, and options for pension adjustments that would ask retirees to contribute under €6 billion in total.
  • Unions and left parties immediately rejected the package as a social rollback with the CGT calling a national day of mobilization on September 29 and La France insoumise threatening to use censure and obstruction in Parliament.
  • The Socialist group has already tabled a counter‑budget that would raise revenue through measures such as a revived taxe Zucman, a higher minimum wage and stricter taxation of very large inheritances, setting up an October showdown in the Assembly.
  • Rising fuel prices and security risks from the Middle East and Ukraine have pushed Lecornu to propose extending targeted fuel support to December 31 and prompted President Macron to convene party leaders, a context that increases the chance of protests and heightens the political stakes ahead of the 2027 presidential campaign.