France officially announces the national budget for 2026.
The French government officially announced the national budget for 2026 on the 20th, bringing to a close the four-month long "marathon-style" parliamentary debate. Public opinion believes that this means the government led by Prime Minister Lecornu is likely to usher in a relatively stable period of governance. According to the final goals set, the public financial deficit in France in 2026 will be controlled at around 5%, higher than the government's original target of 4.7% but lower than the 5.4% in 2025. The main theme of this budget is still to cut public spending, but defense spending will increase by 6.5 billion euros. In terms of taxes, the government emphasizes maintaining overall stability in the current tax framework, but the additional tax measures included in the initial proposal may still provoke dissatisfaction in the business community.
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