France unveils 54bn budget cuts to curb deficit as unions threaten nationwide protests
French Prime Minister Sébastien Lecornu on Thursday presented a 2027 budget proposal featuring €54 billion in savings, a sharp increase from the previously envisioned €30 billion, as the government seeks to rein in a growing deficit amid stagnant economic growth .
The plan includes unprecedented spending cuts, with Lecornu stating the state must lead by example and contribute first to the effort, while local authorities will also be required to participate. The fate of pension-related measures will be decided by Parliament .
The budget announcement follows economic pressures that have already sparked public discontent. On Thursday, Mediterranean fishermen agreed to lift blockades at fuel depots and ports, including Nice, after the government pledged financial aid tied to fluctuating fuel prices .
Trade unions have also criticized the budget’s freeze on the civil service wage index, with CGT Secretary-General Sophie Binet denouncing it as a “scandal” and warning of a “black day” of protests on Sept. 29. Binet claimed civil servants have lost over 16% of purchasing power since 2017 due to repeated freezes .
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