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France’s 2026 Budget Heads to Crunch Talks Before Dec. 23 Vote

A seven-member committee will try to bridge the Senate’s cuts with the Assembly’s failed draft.

A screen shows the result of the vote by senators on a draft budget bill for 2026 (PLF 2026) at the French Senate in Paris, France, December 15, 2025. REUTERS/Sarah Meyssonnier
A screen shows the result of the vote by senators on a draft budget bill for 2026 (PLF 2026) at the French Senate in Paris, France, December 15, 2025. REUTERS/Sarah Meyssonnier

Overview

  • Lawmakers from both chambers meet Friday in a joint committee to seek a single compromise text.
  • The Senate passed its own version with spending cuts that worsen the projected deficit compared with the lower house plan.
  • The National Assembly is slated to deliver a final verdict on Dec. 23 after its initial attempt collapsed with near-unanimous opposition.
  • If no deal emerges, the government could push an emergency rollover of 2025 appropriations, as Prime Minister Sébastien Lecornu maintains he will not use Article 49.3 to force passage.
  • Parliament approved the 2026 social security budget, pausing the 2023 retirement-age increase until 2027, as the government targets a 2026 deficit below 5% of GDP.