Overview

• Economy minister Roland Lescure said the consolidation totals about €30 billion for 2026, including roughly €14 billion in extra mandatory levies, while the public finance watchdog estimates €13.7 billion in new revenues.
• Measures focus on high earners and large fortunes, extending the 20% minimum tax on very high incomes (CDHR) and creating a levy on the financial assets of family holdings.
• The draft budget replaces the 10% income‑tax deduction for pensioners with a €2,000 per‑person allowance and proposes doubling medical co‑pay caps, with income‑tax brackets to be frozen.
• The 2023 pension reform is suspended until the presidential election, and the government has not settled whether to enact it via a Social Security budget amendment or a separate law.
• The Socialist Party plans to reintroduce the Zucman wealth‑tax floor by amendment and, by withholding support for censure motions from LFI and RN, leaves them short of the votes to topple the government.