LIVE - François Bayrou's budget speech: follow the Prime Minister's decisions live
- François Bayrou is scheduled to hold a press conference starting at 4 p.m. this Tuesday, July 15, to unveil the broad outlines of the 2026 budget. A financial and political conundrum aimed at saving $40 billion in the face of the "death trap" of debt.
- The Prime Minister has kept the content of his announcements secret. But several avenues point to significant cuts in public spending , a budget freeze ( a "blank year" ), and labor market reforms. The goal: to reduce the deficit to 4.6% of GDP next year, compared to 5.8% in 2024.
- Emmanuel Macron joined the party on Sunday, announcing that funding for the armed forces would increase by €3.5 billion next year to rearm France against global threats.
- On both the left and the far right, the various political parties are threatening to censure the head of government - whose "common core" is crumbling - during the debate on the 2026 finance bill in Parliament this autumn.
40 billion euros to be found, really? Antoine Bozio, director of the Institute of Public Policy, talks to Libération about this figure, which has become a totem of the government's tightening of the screws, but which nevertheless rests on very vague foundations. The man, who is also a lecturer at the School of Advanced Studies in the Social Sciences and an associate professor at PSE-Paris School of Economics, examines more broadly the avenues mentioned by the Prime Minister for reducing the deficit by 2026. Read our interview here .
Bayrou's moment of reckoning. The Prime Minister will unveil his budgetary guidelines this Tuesday afternoon, with the aim of reducing the budget deficit after its soaring budget. The press will meet at 4 p.m. on Avenue de Ségur in Paris's 7th arrondissement, where some of the Prime Minister's offices are located. According to AFP, François Bayrou is expected to speak for 45 minutes, before several of his ministers involved in the budget: Eric Lombard (Economy), Catherine Vautrin (Labor, Health and Solidarity), Amélie de Montchalin (Public Accounts), François Rebsamen (Regional Planning), and Astrid Panosyan-Bouvet (Labor and Employment). The Prime Minister has also invited all the parliamentary group leaders.
Libération
