French Prime Minister Sébastien Lecornu secured crucial support from the Socialist Party in the country's National Assembly this afternoon, boosting his new government's chances of surviving Thursday's vote on two motions of no confidence, tabled by the far-left coalition France Insoumise and the far-right National Rally.

The Socialists have confirmed that they will not vote to overthrow Lecornu's government, according to the party's press office, cited by Bloomberg.

"We are taking a gamble, a risky gamble," Boris Vallaud, leader of the Socialists in the Chamber of Deputies, told lawmakers on Tuesday."If we are all committed to the Republic, we must take a risk and offer the country a fair budget," the French politician added.

The confirmation comes after the French Prime Minister proposed suspending the pension system reform until 2028, postponing one of the most controversial issues in his newly appointed government's budget proposal until after the presidential elections.

With this, the former defense minister intends to appease the opposition parties so that the State Budget proposal for next year is approved.

Last year, Macron called early legislative elections that would ultimately fragment the country's Parliament into three opposing blocs. And although no political group holds a majority, the Socialists hold a number of seats in the National Assembly that makes them a decisive party in situations like the one we're currently experiencing.

Lecornu, who was re-elected as leader of the French government last Friday, just days after submitting his resignation, said today that"some would like to see this parliamentary crisis turn into a crisis of the regime," and added that "this will not happen thanks to the institutions of the Fifth Republic and its supporters."

If the National Assembly forces Lecornu's resignation later this week, Macron assured that this would amount to a"dissolution motion," indicating that he could dissolve parliament and call new early legislative elections. The Socialists' support for Lecornu's government makes this possible dissolution more remote and could serve to ensure political stability in the country.