The budget plan includes €60 billion in measures, combining €40 billion in spending cuts and €20 billion in tax increases, aimed at reducing France's public deficit from 6.1% to 5% of GDP.
Both the left-wing New Popular Front coalition and the far-right National Rally announced they would file no-confidence motions, with voting expected as early as Wednesday.
The government's unilateral action represents a denial of democracy and disregard for the will of 11 million voters, while the proposed austerity measures would weaken citizens' purchasing power and harm vulnerable populations. The budget cuts and tax hikes would be disastrous for ordinary French people.