Tuesday, 02 January 2024 12:17 GMT

France’s Political Leaders Unite to Approve Budget


(MENAFN) France’s departing Prime Minister, Sebastien Lecornu, announced on Wednesday that various political factions have demonstrated a “sense of responsibility” and a “shared will” to secure the adoption of a national budget before the year concludes.

This comes as the country navigates efforts to avoid heightened political turmoil following the government's resignation.

During remarks made at Matignon, Lecornu explained that he had engaged in in-depth discussions with leaders from both houses of parliament, as well as prominent figures from key political groups such as Les Republicains, MoDem, Horizons, Renaissance, and several others.

“All the consultations I have held reveal a shared will to ensure that France adopts a budget before December 31 of this year,” he stated, noting that this broad consensus “moves us away from the prospect of dissolution.”

Lecornu stressed that the forthcoming budget must be designed with elements that enable the country to progress while preserving employment levels and economic steadiness.

“The political situation could have economic and social consequences, including on employment. This is a crucial and protective factor on which we must also agree,” he remarked.

He also reaffirmed that trimming the national deficit remains a key objective.

He pointed out that all political entities are in agreement on maintaining the deficit under 5%, which is vital to upholding France’s fiscal credibility on the international stage.

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