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MPs reject 2027 budget
French lawmakers rejected the 2027 state budget bill at first reading by 458 votes to none, with two abstentions, deepening the political deadlock ahead of the presidential election. The bill was sent to the Senate in its original form for debate beginning on November 20, while the prospect of a compromise was deferred until December or until the bill returns to the National Assembly. The budget aimed to bring the deficit down to 5% of GDP in 2027, from an expected 5.4% this year, as GDP contracted by 0.1% in the third quarter.
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