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France Freezes Wages and Most Pensions in 2027 Budget

By Drooid · Oct 1, 2026, 10:31 PM UTC · How we work

Summary

Story summary

Prime Minister Sébastien Lecornu presented a 2027 budget freezing wages and most pensions.
Finance Minister Roland Lescure said the plan saves €54 billion and cuts deficit to 5 % of GDP.
France’s debt hit 119 % of GDP in Q2 2026 and may reach 122 % in 2027.
The state must sell €340 billion of debt in 2027 to fund the shortfall.
Interest payments are expected to top €90 billion in 2027, exceeding defense and schooling budgets.

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Story summary

Prime Minister Sébastien Lecornu presented a 2027 budget freezing wages and most pensions.
Finance Minister Roland Lescure said the plan saves €54 billion and cuts deficit to 5 % of GDP.
France’s debt hit 119 % of GDP in Q2 2026 and may reach 122 % in 2027.
The state must sell €340 billion of debt in 2027 to fund the shortfall.
Interest payments are expected to top €90 billion in 2027, exceeding defense and schooling budgets.