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Story summary
- Prime Minister Sébastien Lecornu presented a 2027 budget cutting spending by €54 billion.
- Finance Minister Roland Lescure said the deficit will drop from 5.4% to 5% of GDP by 2027.
- France will issue a record €340 billion of debt next year to fund the shortfall.
- Public-sector workers struck over the wage freeze while students blockaded schools.
- France’s 10-year bond yield rose to 4.96%, the highest since July 2002.
