Overview
- After eight days on the revenue section, more than 2,300 amendments remain and the planned vote was dropped, with the Social Security bill now taking the floor before budget talks resume by November 12.
- Budget rapporteur Philippe Juvin judged it highly probable the Assembly will not finish in time, making a rejection of part one likely and pushing the text to the Senate in its original government version before a possible joint committee.
- Ministers convened all parliamentary groups for budget talks, which parts of the left, including LFI, boycotted due to the RN’s presence, while other groups attended.
- Lawmakers have already rejected the ‘Zucman tax’, approved a reworked wealth levy on ‘unproductive’ assets, and adopted an RN amendment restoring the original exit tax, though the government deems several new taxes inapplicable under EU rules.
- Public Accounts Minister Amélie de Montchalin said the deficit stands at 4.7% of GDP with limited room below 5%, as the government weighs fallback tools that include a blocked vote, a potential return to 49.3, a special law, or ordinances if deadlines slip.