French parliament rejects budget draft as Lecornu struggles to lower deficit
Prime minister under pressure to find agreement by the end of the year
Prime minister under pressure to find agreement by the end of the year

Draft bill likely to be voted down by parliament by Sunday, after MPs added thousands of amendments

Move spells more political chaos ahead for embattled Prime Minister Sébastien Lecornu

Government will have to roll over 2025 budget into next year after parliamentary talks collapse

Socialists back government bill to deliver razor-thin majority in lower house of parliament

Result marks opportunity to pass budget for 2026 in deeply fractured parliament

Pierre Moscovici warns politicians not to rely on taxes in race to agree budget for 2026