Overview
- Lawmakers in the National Assembly’s finance panel voted down the expenditures section in new reading after rejecting the revenues section the day before.
- Rassemblement National, La France Insoumise, Les Écologistes and Les Républicains voted against, while the Socialist Party, MoDem and the EPR group abstained, with several smaller groups absent.
- The budget rapporteur Philippe Juvin’s proposed across-the-board cuts of about €6.2 billion failed, as deputies refused reductions to Education, Ecology and nine other priority missions.
- Adopting the Senate baseline with added amendments raised spending by roughly €6.8 billion and pushed the projected deficit to about 5.3%–5.4%, according to Juvin.
- The full Assembly is set to debate the bill from Tuesday through January 23, and the government may resort to Article 49.3 or a negotiated ordinance to secure a budget this month while targeting a deficit below 5% and higher defense credits.