Sébastien Lecornu's government presented a end-of-management bill on November 10 validating 2025 accounts. The text confirms a public deficit at 5.4% of GDP, unchanged from the initial law. Cancellations of 4.2 billion euros in credits enable this target after overruns in 2023 and 2024.
The end-of-management bill (PLFG), reviewed in the council of ministers on November 10, 2025, and deposited at the National Assembly, aims to finalize revenues and expenditures for the current year. It states that « the forecast public deficit is set at -5.4%, unchanged from the initial finance law (LFI) for 2025 ». This document confirms a reduction of 0.4 percentage points of GDP compared to the previous year, signaling a return to discipline after the overruns of 2023 and 2024.
To prevent further slippage, the government cancels 4.2 billion euros in state controllable credits, adding to 2.7 billion already cut during the year. Outside this scope, 6.1 billion euros are adjusted, including 2.9 billion due to debt charges lower than expected. These measures fund « unavoidable expenditures » not initially programmed, without resorting to a rectifying finance law.
Despite no majority in the Assembly, the text is expected to pass quickly. « It’s a text that adjusts the budget minimally and opens no controversial issues », says Philippe Juvin, Les Républicains deputy and general budget rapporteur. Last year, a similar bill was rejected in first reading but adopted at the last minute before the Barnier government's censure. Examination in committee starts Wednesday, with first reading scheduled for next Monday.