The French parliament approves the 2026 budget amid political turmoil 🇫🇷📊
✨ Key points
On February 3, 2026, the French parliament approved the 2026 budget plan.
Prime Minister Le Cornu survived two votes of no confidence, ending months of political turmoil.
The left-wing no-confidence motion: 260 votes (less than the 289 votes required).
The right-wing no-confidence motion: 135 votes, which also failed.
The government achieved victory after making concessions, reducing spending cuts and raising taxes compared to previous proposals.
The financial deficit is now expected to reach 5%, higher than the initial targets.
Le Cornu avoided the fate of his predecessors who resigned due to disagreements over austerity policies with the National Assembly.
📊 Market indicators
Budget year: 2026
Expected deficit: 5% of GDP
Votes needed to dissolve the government: 289
Extreme left proposal votes: 260
Extreme right proposal votes: 135
🧭 Overall picture
The approval of France's 2026 budget represents a moment of political stability after months of turmoil. Although the concessions mean an increase in the deficit, the government's survival restores investor confidence and indicates continuity in fiscal policy. France now faces the challenge of balancing economic growth and financial discipline under a fragile minority government.
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