Overview
- Lawmakers resumed a new reading on January 13 from the Senate’s version, beginning with local finance articles, but a workable compromise remains out of reach.
- Government spokeswoman Maud Bregeon said "nothing is excluded," citing a vote, article 49.3, or ordonnances under article 47, a route never before used to enact a budget.
- The Elysée’s line that "a motion of censure equals a motion of dissolution" heightens the stakes for any 49.3, with press reports saying Emmanuel Macron is urging a decision this week.
- Sticking points include the future of the surtax on large companies, a proposed levy on holdings, and the scale of savings demanded from local authorities.
- Economy and finance minister Roland Lescure warned the stopgap law clouds funding and investor confidence, reiterating the goal of a deficit below 5% of GDP and noting a planned €310 billion market raise in 2026.