France Presents 2027 Budget With Frozen Wages and New Taxes

In France, the government presented its 2027 budget in October 2026, with measures including frozen wages and new taxes. The budget aims to rein in spending on pensions and state salaries. The country is dealing with record public debt, and the interest rate on French ten-year government bonds reached its highest level in 24 years. Public finance expert François Ecalle said France is losing control of its debt.