Particle.news
Download on the App Store

French Assembly Approves Social Security Revenues, Paving Way for Spending Debate

The narrow decision preserves consideration of the pensions reform suspension under strict deadlines.

Overview

  • The revenue chapter passed 176–161 after substantial rewrites, avoiding an immediate transfer of the bill in its original form to the Senate.
  • The Socialist Party backed the vote, the National Rally and France Unbowed opposed, Les Républicains largely abstained, and majority allies showed splits.
  • Lawmakers reinstated the C3S production levy in a second deliberation to avert an estimated €5 billion shortfall.
  • Deputies endorsed a higher CSG on certain capital income projected to yield roughly €2.6–€2.8 billion in 2026, and adopted first‑reading measures including expanded Nutri‑Score labeling and a new hexane tax.
  • The spending chapter is now under review through Wednesday with an Armistice pause, the pensions suspension article is scheduled for Wednesday afternoon, deficit projections hover around €20–€20.6 billion against a sub‑€20 billion goal, and missing deadlines could send the text to the Senate without a final Assembly vote.