France had set a 5% deficit target this year, but will likely miss it because of limited economic growth and rising energy prices linked to the war in the Middle East.

Even before Tuesday’s figures were released, independent auditors and international institutions considered it unrealistic for France to meet its pledge to bring its deficit below 3% of GDP in line with EU rules by 2029.

The 2027 budget, the last one the government will debate before of next year’s presidential election, has faced criticism from Lecornu’s left-wing opponents. But the far-right National Rally, whose candidate Marine Le Pen is leading the polls, has sent mixed signals on its plans.