The Fort Worth Press - French PM ends budget deadlock after no confidence motions beaten

USD -
AED 3.6725
AFN 66.000245
ALL 81.82833
AMD 362.253747
ANG 1.790365
AOA 916.999684
ARS 1524.826029
AUD 1.441057
AWG 1.8025
AZN 1.702147
BAM 1.739471
BBD 2.012612
BDT 122.851565
BGN 1.683441
BHD 0.376674
BIF 3014.617269
BMD 1
BND 1.278867
BOB 12.006155
BRL 5.213901
BSD 0.99928
BTN 96.807044
BWP 13.814757
BYN 3.009846
BYR 19600
BZD 2.009677
CAD 1.42822
CDF 2310.000111
CHF 0.830425
CLF 0.024807
CLP 979.509947
CNY 6.70455
CNH 6.709873
COP 3301.04
CRC 457.878797
CUC 1
CUP 23.981287
CVE 98.071304
CZK 21.820299
DJF 177.940248
DKK 6.67662
DOP 59.662995
DZD 133.636213
EGP 52.249599
ERN 15
ETB 163.212801
EUR 0.893302
FJD 2.253298
FKP 0.755263
GBP 0.75685
GEL 2.605028
GGP 0.755263
GHS 11.735826
GIP 0.755263
GMD 73.500677
GNF 8790.241169
GTQ 7.636412
GYD 209.021333
HKD 7.846735
HNL 26.827891
HRK 6.732202
HTG 130.85359
HUF 329.341501
IDR 17942
ILS 3.05195
IMP 0.755263
INR 96.243949
IQD 1309.040455
IRR 1746539.498985
ISK 122.570402
JEP 0.755263
JMD 158.196211
JOD 0.709022
JPY 157.779502
KES 129.890078
KGS 87.450144
KHR 4053.1526
KMF 438.000226
KPW 900.000318
KRW 1344.105006
KWD 0.30921
KYD 0.83267
KZT 448.958718
LAK 22445.267647
LBP 89483.505439
LKR 330.453112
LRD 170.863165
LSL 16.707565
LTL 2.95274
LVL 0.60489
LYD 6.399481
MAD 9.927646
MDL 17.857175
MGA 4415.17204
MKD 55.052146
MMK 2099.850161
MNT 3596.272149
MOP 8.076685
MRU 39.93098
MUR 48.560213
MVR 15.459705
MWK 1732.714877
MXN 18.215399
MYR 4.086502
MZN 63.901767
NAD 16.707565
NGN 1327.450222
NIO 36.769055
NOK 9.66105
NPR 154.896092
NZD 1.78803
OMR 0.3845
PAB 0.999253
PEN 3.462758
PGK 4.525422
PHP 62.692032
PKR 276.770538
PLN 3.919735
PYG 5846.252368
QAR 3.642282
RON 4.768597
RSD 104.90897
RUB 83.799642
RWF 1479.943076
SAR 3.74627
SBD 8.078071
SCR 14.029703
SDG 601.498676
SEK 10.078505
SGD 1.2811
SHP 0.75503
SLE 24.599033
SLL 20969.491881
SOS 571.110913
SRD 37.811501
STD 20697.981008
STN 21.791046
SVC 8.742946
SYP 13002.000254
SZL 16.704542
THB 33.689857
TJS 9.197848
TMT 3.5
TND 2.977543
TOP 2.40776
TRY 49.162102
TTD 6.775561
TWD 31.778502
TZS 2637.150945
UAH 44.962977
UGX 3987.245794
UYU 40.271978
UZS 11785.633285
VES 865.47815
VND 25998
VUV 119.582079
WST 2.788611
XAF 585.967602
XAG 0.016333
XAU 0.000241217861
XCD 2.70255
XCG 1.800887
XDR 0.707052
XOF 585.967602
XPF 106.071589
YER 236.297226
ZAR 16.697595
ZMK 9001.202058
ZMW 19.635154
ZWL 321.999592
SSP 5712.591527
MXV 2.059686
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

French PM ends budget deadlock after no confidence motions beaten

French PM ends budget deadlock after no confidence motions beaten

France adopted a 2026 government budget on Monday following months of fraught negotiations after Prime Minister Sebastien Lecornu survived the latest in a string of no-confidence motions.

Text size:

Lawmakers rejected two no-confidence motions from the hard left and far-right parties tabled after the premier on Friday forced his budget through parliament without a vote for the third and final time.

The outcome cleared the way for the budget's final approval after four months of political deadlock over government spending.

The stalemate had pushed Lecornu last month to make an about-face on his pledge not to force the budget through parliament without a vote, a decision he called a "partial failure".

But the 39-year-old premier survived the latest challenges after making concessions to gain the backing of the Socialists -- a key swing group in parliament.

He had weathered two previous rounds of no-confidence motions, also triggered by his use of the constitutional provision known as Article 49.3 to push the bill through parliament in earlier stages of the process.

Speaking ahead of Monday's votes, Lecornu criticised what he called those who want to "reject everything", targeting the far-right National Rally and the hard-left France Unbowed who sought to bring his government down.

Motions tabled by the France Unbowed, the Greens and other left-wing groups drew 260 of the 289 votes needed to oust the the government. The far-right motion secured only 135 votes.

- Deficit-cutting effort -

The bill aims to cut France's deficit to five percent of gross domestic product (GDP) in 2026 from 5.4 percent in 2025, after the government eased back from an earlier target of 4.7 percent.

The budget includes higher taxes on some businesses, expected to bring in about 7.3 billion euros ($8.6 billion) in 2026, though the Socialists failed to secure backing for a proposed wealth tax on the super-rich.

The Socialists did, however, win several sought-after measures, including a one-euro meal for students and an increase in a top-up payment for low-income workers.

The plan boosts military spending by 6.5 billion euros, a move the premier last week described as the "heart" of the budget.

- State spending row -

In December, lawmakers narrowly adopted the social security budget, part of the broader spending plan, postponing an unpopular pensions reform until January 2028, after President Emmanuel Macron's term ends.

They failed to reach a compromise on state expenses, complicated by a tug-of-war between a right-leaning Senate pushing for savings and the lower house where no wing has a majority and the left has demanded more tax income.

France is under pressure from the European Union to rein in its debt-to-GDP ratio -- the bloc's third-highest after Greece and Italy -- which is close to twice the EU's 60-percent ceiling.

The country has been bogged down in political crises since Macron called a snap poll in 2024, in which he lost his parliamentary majority.

Lecornu was named premier in September -- then renamed the following month having stepped down -- after his two predecessors were both toppled by parliament over cost-cutting measures.

F.Garcia--TFWP