France's minority government has presented its 2027 budget bill as its 10-year borrowing cost trades near 5%, the highest level since 2002. The country plans to sell a record €340 billion of bonds next year while debt stands at almost 120% of economic output, adding to investor concern over its ability to restore public finances. The fiscal strain has widened the yield premium on French debt over German Bunds, while planned spending cuts have prompted strikes and face a divided parliament ahead of next year's presidential election. Broader markets are also contending with oil above $100 a barrel, elevated global borrowing costs and uncertainty over further central-bank tightening.