France Unveils 2027 Budget With Tax Hikes and Savings

France released its 2027 budget featuring tax increases and spending cuts designed to curb the deficit. The legislation introduces levies on payrolls and sugary foods while reining in pension and health expenditures.

French Prime Minister Sebastien Lecornu leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 1, 2026. REUTERS/Sarah Meyssonnier

France delivered its 2027 budget on Thursday afternoon, targeting €4.1 billion in savings by freezing pension increases. The fiscal package combines targeted tax hikes and spending freezes to rein in the national deficit. Lawmakers will debate the legislation in parliament over the coming weeks.

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