French Prime Minister Sébastien Lecornu presents the 2026 budget with tax hikes and spending cuts in a press conference at the National Assembly.

French government unveils 2026 budget with tax hikes and spending cuts

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On October 14, 2025, Prime Minister Sébastien Lecornu presented the 2026 finance bill, aiming to cut the public deficit to 4.7% of GDP through €14 billion in extra tax revenues and €17 billion in spending savings. The budget targets high earners, businesses, and social expenditures, while drawing criticism over its feasibility.

Tax reforms not impacting Colombia's government revenue

Despite multiple tax reforms, Colombia's government revenue remains between 14.4% and 16.6% of GDP through 2026, according to an analysis by the Universidad Javeriana's Fiscal Observatory. The study highlights a projection shortfall exceeding that of countries like Chile, with overestimation above 4% of GDP. A deficit of up to 8 trillion pesos is forecasted for 2025.

Miljöpartiet congress in västerås debates taxes and term limits

Maria Karlsson

Miljöpartiet's congress in Västerås has begun with debates on new taxes and changes to term limit rules. Grön ungdom proposes three new taxes to counter inequality, while the party board seeks to extend terms for experienced members. The congress gathers around 800 participants ahead of the 2026 election.

Heated debates in the French National Assembly over the 2026 budget, with politicians discussing amendments and tax increases.

Intense debates begin on France's 2026 budget in parliament

Jean Martin AI द्वारा उत्पन्न छवि

Debates on France's 2026 budget project promise to be fierce in the National Assembly, with over 1,700 amendments filed for the revenues section. Budget rapporteur Philippe Juvin sharply criticizes the planned tax increases and calls for cuts in public spending. The finance committee review begins on Monday, October 20, in a tight schedule.

French assembly debates 2026 budget amid fiscal tensions

Jean Martin

The French National Assembly continues debates on the 2026 finance bill, slowed by numerous amendments and divisions over tax increases. A poll shows 64% of French people expect the budget's rejection, fearing government censure more than the president's resignation. Sébastien Lecornu's government sticks to not using Article 49.3, leaving it two months to secure a majority.

Opposition backs delay of property revaluation in public sector bill

Chile's government is considering adding a provision to postpone the Internal Revenue Service's property revaluation from January 2026 to 2027 in the public sector adjustment bill, set for December discussion. Originally part of a stalled pymes tax reform, the measure gains opposition lawmakers' support to ease territorial tax burdens. It addresses criticisms over fiscal calculation transparency.

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