The move was made in a bid to secure billions of euros of EU funding.
Finance minister Bruno Le Maire warned that France could lose billions in EU funds if finance plans were not adopted.
Using the same “49:3” constitutional procedure that enabled it to adopt a disputed pension reform this spring, President Emmanuel Macron’s minority government pushed through a bill that foresees bringing the deficit down to 2.7% of GDP in 2027 from 4.9% this year. Finance minister Bruno Le Maire had warned on Monday that France risked losing out on billions of euros in EU funds if lawmakers did not adopt long-term public finance plans.
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