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France’s 2026 Budget Teeters as Assembly Stalls and Senate Moves to Undo Pension Suspension

With deadlines approaching, the government signals possible ordinances after a Conseil d’État review to keep a budget in place.

Overview

  • More than 1,500 amendments remain in the Assemblée nationale, making a vote on the revenue chapter uncertain and raising the prospect the finance bill advances to the Sénat without adoption.
  • Prime Minister Sébastien Lecornu has asked the Conseil d’État to examine several newly voted taxes, saying some will never apply due to constitutional or technical flaws and warning that a year-end budget void is the greater risk.
  • Groups from the governing center to Les Républicains told Matignon they will not back the revenue text “as it stands,” underscoring the lack of a stable majority for the budget.
  • The Sénat’s social affairs commission has moved to reverse the Assembly’s suspension of the 2023 pension reform and to restore benefit freezes, outlining savings to push the Social Security deficit toward roughly €15 billion.
  • Health minister Stéphanie Rist said no decree, such as higher medical co‑pays, would be issued if lawmakers keep the 2026 Social Security gap under €20 billion, while current estimates after Assembly votes hover around €24 billion.