French PM warns on budget approval
French Prime Minister Sébastien Lecornu warned that the failure to pass a budget for the country before the upcoming presidential elections, scheduled in about eight months, could lead to political and financial uncertainty, especially given the current economic challenges and international tensions. He emphasized that the budget is essential to avoid financial and political disruptions during the election period, noting that the government will continue its work without engaging in the election campaign. He also clarified that he will not run for president in 2027. Work on the budget is set to begin at the end of September amid parliamentary divisions and challenges related to rising bond yields and accumulated debt. The agency "Fitch" has warned that worsening financial imbalances could impact France’s credit rating.
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