Budget 2027: Hard blow for Lecornu, the bill unanimously rejected in the Assembly

Sébastien Lecornu will have to review his copy and above all find compromises if he wants to avoid censorship. After ten days of debate, deputies unanimously rejected the profoundly transformed draft state budget for 2027 on Wednesday. The text will therefore arrive in the Senate on November 20 in its initial version.

A text rejected by all political sides

Like last year, the Assembly overwhelmingly rejected the text at first reading, the opposition disapproving of the government's choices, and the latter's supporters deploring a completely unraveled text. The rejection of the revenue part was voted by 458 deputies from all groups, including those supporting the government. Only two elected officials from the communist and overseas group abstained.

The time for compromise will come "afterwards", Matignon wanted to temper, postponing a possible agreement between the government's version and the Senate's to come to "December". However, unlike last year when Sébastien Lecornu found a non-censorship agreement with the PS, no compromise is emerging at this stage.

The Assembly significantly cut the last budget of the Macron presidency, supposed to target a deficit of 5% of GDP in 2027, compared to 5.4 expected this year. Savings measures, on the reduction enjoyed by retirees or on communities, were notably removed by the deputies, as was the surcharge on large companies. To the great dismay of the Minister of Public Accounts, David Amiel, who put the virtual deficit that would result from the MPs' vote at “5.9”% of GDP.

“This budget was not initially credible,” criticized Éric Coquerel, LFI president of the Finance Committee. It is “the testament of a power which will have achieved the feat of enriching the richest while impoverishing the State”, added Estelle Mercier (PS), accusing the Macronists of voting “hand in hand” with the RN against certain taxes. Jean-Philippe Tanguy, responsible for budgetary issues at the RN, accused the government in a virulent charge of lying “knowingly” by suggesting that Parliament can rewrite the budget in place of the government.

Towards a 49.3?

Through sometimes heated debates, but regularly held in a deserted hemicycle, the deputies had certain markers adopted: a Zucman tax on multinationals for the left, a zero-rate real estate loan for young couples on the RN side, a reinforced tax on holding companies for the MoDem... Victories erased by the rejection of the budget.