French deputies unanimously approved this Tuesday at the last minute a special law which must be ratified by the Senate in order to provisionally finance the State, before the resumption of budgetary debates in January 2026.
The text, which will be … transmitted this Tuesday to the Senate for final adoption, was presented by the government after the failure of the joint committee of deputies and senators.
Members of Congress They had heated debates to accept the law before the end of the year, while France, the second largest economy in the euro zone, faces pressure control its deficit and its growing debt.
But Parliament, very divided since the elections the previous year only reached an agreement on part of the budget after two and a half months of debate.
Prime Minister Sébastien Lecornu presented the “special law” so that the State can collect taxes and pay civil servants based on the 2025 budget from January 1. However, it does not authorize new spending, particularly on defense, one of the government’s priorities due to the conflict in Ukraine.
Lecornu won a partial victory when parliamentarians adopted the social security budget, part of the spending plan and the postponement to 2028 of a very unpopular pension reform.
Unlike the United States, the special finance law in France allows budgetary paralysis to be avoided and civil servants are paididentical pensions, as well as reimbursement for health care.
“We must give a budget to the nation from January” which “must have the objective of 5% (of GDP) deficit and finance our priorities,” French President Emmanuel Macron declared on Monday.
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