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France Halts Budget Debates as Lecornu Weighs 49.3 and Offers Concessions to Socialists

Another no-confidence bid now looms over a government constrained by record debt plus a carryover budget.

Overview

  • Parliamentary debates on the 2026 budget were suspended after the government said no cross-party compromise was attainable, according to parliamentary relations minister Laurent Panifous.
  • Prime Minister Sébastien Lecornu is considering using article 49.3 or adopting the budget by decree, options expected to trigger new no-confidence motions, and the government already survived two this week.
  • The decree route has been legally possible since 1958 but has never been used, and questions remain over which version of the budget text the government would enforce.
  • To win tacit Socialist tolerance, the government proposed aid for low earners, a one-euro student canteen menu, and 2,000 additional education posts.
  • The Socialist Party welcomed some concessions but opposes a decree under article 47 that would revert to the original draft, while France’s debt is about 117% of GDP and the government seeks a deficit below 5%.