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Published on: 03/11/2026 - 10:09

While MPs are expected to vote and most likely reject the revenue side of the 2027 budget this Tuesday, the government finds itself in an impasse. Stalled growth, social anger and lack of a majority: the budgetary equation becomes almost impossible to solve.

The French economy shrank by 0.1% in the third quarter, after an already gloomy start to the year. Enough to seriously weaken the 2027 budget, built on a growth forecast of 1%. However, the government is planning 43 billion euros in efforts to reduce the public deficit to 5% of GDP. A goal that is increasingly difficult to achieve.

Faced with the mobilizations of high school students, the surge in fuel prices and demonstrations against the high cost of living, the government must nevertheless take out the checkbook. Without forgetting the aid promised to traders who were victims of the October violence.

And without a majority in the National Assembly, how can we get this budget adopted? Compromise, 49.3 or orders: all options remain delicate. Especially since the rating agencies closely monitor French finances.

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