Fiscal Policy / WORLD

France’s 2027 budget proposal targets a €54 billion fiscal adjustment

The government plan aims to lower the deficit to 5% of GDP through spending control and limited tax changes.

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France’s Ministry of Economy and Finance presented the 2027 budget and social-security financing bills on 1 October. The plan sets a total €54 billion fiscal adjustment effort, including €43 billion in measures contained in the two draft bills.

The proposal aims to reduce the public deficit to 5% of GDP in 2027, avoid broad tax increases and cut the additional corporate-income-tax surcharge on large companies by 30%. These figures describe draft legislation and are not enacted policy before the parliamentary process is complete.

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Fiscal figure reported by the official source.

Fiscal adjustment effort in the 2027 budget proposal
54 billion EUR
2027 · Target
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The amount, period and basis are reproduced as stated by the source; no additional calculation is made.

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  • France · Place role: Coverage · Place type: Country or area · Location precision: Regional
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Taxonomy version: IPTC Media Topics 2026-Q2

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