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Story summary
- Prime Minister Sébastien Lecornu announced a €54 billion public-spending cut for the 2027 budget.
- The cuts aim to lower the deficit to 4.8 % of GDP excluding defence and 5 % including it.
- Lecornu said retirees’ pensions will not be reduced and most benefits will not be frozen.
- The plan raises income-tax thresholds and removes an extra levy on larger companies.