France finance minister Lescure said the government will deploy all available measures, including an administrative-ordinance mechanism never used in this context, to secure passage of a 2027 budget that imposes rare spending caps to reassure investors and aims to cut the deficit to 5% of GDP from this year’s 5.4%. With no parliamentary majority making a normal vote unlikely to succeed, Lescure said the government could invoke Article 49.3 of the constitution to bypass a vote or use the ordinanc

France finance minister Lescure said the government will deploy all available measures, including an administrative-ordinance mechanism never used in this context, to secure passage of a 2027 budget that imposes rare spending caps to reassure investors and aims to cut the deficit to 5% of GDP from this year’s 5.4%. With no parliamentary majority making a normal vote unlikely to succeed, Lescure said the government could invoke Article 49.3 of the constitution to bypass a vote or use the ordinance route to avoid rejection or delays. He reiterated the commitment to keep the deficit at or below 5%.