**Sébastien Lecornu remains French Prime Minister amid a fragile parliamentary situation as the government prepares its 2027 budget bill, due for presentation by late September and debate starting in early October.** Without a stable majority in the National Assembly, the administration relies on case-by-case support or abstentions to avoid censure motions from La France Insoumise, Rassemblement National, and potentially the Socialist Party following its primary. Recent developments include Lecornu’s public commitments to limit new taxes on businesses, symbolic spending restraint measures, and ongoing efforts to secure concessions similar to those that previously averted no-confidence votes. Low approval ratings for both Lecornu and President Macron, combined with opposition positioning ahead of the 2027 presidential election, heighten the risk of a government collapse during the budget process. Traders monitor these parliamentary dynamics and any signals of cross-party deals or renewed censure threats as key variables.