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French Assembly Backs Social Security Budget, Freezing Macron’s Pension Reform

The 247–234 margin gives Prime Minister Sébastien Lecornu brief respite before the bill faces a skeptical Senate.

Overview

  • Lawmakers approved the social security bill that pauses the 2023 retirement-age increase to 64 until after the 2027 presidential election.
  • Support from the Socialists proved decisive after the government agreed to suspend the pension reform, while National Rally and France Unbowed opposed the measure.
  • The legislation must return to the conservative-led Senate, which objects to halting the reform, before potentially coming back to the National Assembly.
  • A separate state budget vote is due this month, with the Senate scheduled to examine the state budget on December 15.
  • Lecornu warned defeat would have opened roughly a €30 billion funding gap and threatened the 2026 spending plan, underscoring strain from a deficit last reported at about 5.8% of GDP.