Published by Global Banking & Finance Review®
Posted on October 13, 2025
1 min readLast updated: January 21, 2026
French PM Lecornu's budget aims to cut the deficit to 4.7% by 2026 through spending cuts and increased revenue, targeting holding companies.
PARIS (Reuters) -French Prime Minister Sebastien Lecornu's government will present a budget that will aim to cut the deficit to 4.7% by the end of next year, French financial newspaper La Tribune reported on Monday.
The issue, which is set to be published on Tuesday, said the budget would aim to cut costs by 31 billion euros through a mix of spending cuts and increased revenue.
The budget is expected to include a tax measure targeting holding companies used by the wealthy and will not raise pensions and social benefits in line with inflation, the newspaper reported.
(Reporting by Makini Brice, Leigh Thomas, Richard Lough and Geert De Clercq)
A tax measure is a legislative action that alters tax rates, exemptions, or incentives, aimed at increasing revenue or achieving specific economic objectives.
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