Explainer-Why French PM faces immediate budget challenge

French Prime Minister of France Sébastien Lecornu faces a critical challenge to deliver a budget bill by October 13 amidst a divided Parliament, impacting Frances fiscal future.

• Sébastien Lecornu was reappointed as Prime Minister of France just days after his resignation, now tasked with presenting a budget bill by October 13.
• The budget bill is crucial for securing passage in a divided Parliament, where political consensus is increasingly difficult to achieve before the years end.
• This immediate budget challenge comes as France navigates economic pressures, making it essential for the government to demonstrate fiscal responsibility and stability.