Lecornu's Precarious Win: The Costly Battle Over France's 2026 Social Security Budget

French lawmakers approved the 2026 social security budget by a slim margin, marking a significant yet costly win for Prime Minister Sebastien Lecornu. By making concessions to the Socialists, Lecornu alienated allies, leaving potential instability in pursuing further budget approvals amid a divided parliament.

French lawmakers handed Prime Minister Sebastien Lecornu a narrow victory on Tuesday, approving the 2026 social security budget by a slim margin. This marks a crucial win but comes at a political price that may threaten the stability of his government.

While securing support from Socialist lawmakers required costly concessions, Lecornu now faces alienation from centrist and conservative allies. The approval freezes major pension reforms until after the 2027 presidential election, leaving Lecornu politically vulnerable in his attempts to pass the broader state budget before the year's end.

Achieving this approval ensures funding for critical sectors like healthcare and welfare. However, the looming 20 billion euro funding shortfall and an impending state budget vote highlight ongoing challenges. With parliament divided and lacking a majority, Lecornu's government operates in a precarious environment, reflective of broader Eurozone economic struggles.

(With inputs from agencies.)