French Lawmakers Reject Pension Cut
French lawmakers have scrapped a proposed reduction in a tax break benefiting pensioners as they began reviewing the 2027 budget. The move challenges the minority government efforts to push through a €43 billion savings package.
French lawmakers rejected a €43 billion savings package component during Wednesday morning's budget review, voting down a reduction in pension tax breaks. Prime Minister Sebastien Lecornu faces a difficult parliamentary battle amid a global bond market selloff over public finances. The minority government aims to cut the budget deficit from 5.4% of economic output this year to 5% next year.
