Sébastien Lecornu marks his first anniversary as French prime minister on September 9, 2026, after a turbulent year that included a brief resignation and reappointment in October 2025. His minority government has survived multiple no-confidence motions through targeted concessions, notably to Socialist lawmakers, while advancing a 2026 budget via compromises rather than repeated use of Article 49.3. The immediate focus has shifted to drafting and passing the 2027 budget, with a Council of Ministers presentation expected around September 30 amid economic stagnation, deficit pressures, and opposition resistance from both the left and National Rally. Parliamentary debates will unfold against the backdrop of the April 2027 presidential election, raising the risk of censure or procedural delays if cross-party support fails to materialize. Traders monitor these budget negotiations and any signs of eroding alliances as the primary drivers of removal probabilities.