Overview
- The budget returns to the National Assembly in committee from January 8 to 10, with chamber debate slated from January 13 and an objective of adoption by the end of the month after weeks under a stopgap special law.
- Public Accounts Minister Amélie de Montchalin said she does not exclude using article 49.3 to secure a budget, a step increasingly discussed after talks that the Economy Ministry described as very constructive.
- The Socialist Party says it will not vote for the budget and may only abstain, the Greens and Communists oppose the text, and LFI and RN are against it, making a 49.3 followed by an LFI censure motion likely that the PS is expected not to back.
- Bercy aims to bring the public deficit below 5% of GDP in 2026 versus about 5.3–5.4% in the latest Senate version, and government estimates say roughly €10–15 billion still must be found.
- Restoring a surtax on large-company profits is on the table, with the PS pushing for about €8 billion in yield and LR favoring a lower take alongside spending cuts, as more than 2,000 amendments set up heated committee debates.