French Prime Minister François Bayrou warned that early parliamentary elections will not help restore stability in France.

His comments came after he scheduled a parliamentary vote of confidence in less than two weeks, which he is expected to lose.

Bayrou said in an interview with TF1 television that he "does not believe" that dissolving the National Assembly and calling early elections "will allow us to achieve stability."

Bayrou scheduled the vote of confidence for September 8, bringing to a head months of tension with opposition parties over the budget, AFP reported.

With both far-right and far-left parties pledging not to support the government, analysts believe Bayrou has little chance of surviving without a significant political turnaround.

On September 1, Bayrou will host a meeting of political party leaders for final negotiations on the budget, which provides for savings of around €43.8 billion ($51 billion), rejected by the opposition.

Bayrou told TF1 that he was ready to "start all the necessary negotiations" with the opposition on the budget, but "the prerequisite is that we agree on the importance of the effort" to achieve savings.

If Bayrou loses the confidence vote, he and the government will be obliged to resign.

President Emmanuel Macron could reappoint him, choose a new figure, or call early elections to break the political deadlock that has plagued France for more than a year.

"The economic situation is deteriorating every year in an unbearable way," Bayrou said, warning that young people would be the victims "if we create chaos." | BGNES