French Assembly Overhauls 2025 Budget, Deficit Projection Slashed
Lawmakers significantly altered the government's budget proposal, introducing new taxes and reducing the deficit forecast, with a critical vote looming.
- The French Assembly completed its examination of the 2025 budget's revenue section, introducing over 3,000 amendments.
- Deficit projections were reduced from €142 billion to €85 billion, largely due to €35 billion in new taxes and the removal of a €23 billion EU allocation.
- Key government proposals, including increased taxes on electricity and large companies, were removed despite expected support from centrist and right-wing parties.
- New taxes targeting 'superprofits,' digital giants, and billionaires were introduced by left-wing deputies, aligning with their legislative agenda.
- A crucial vote on the revised budget is scheduled for Tuesday, with potential rejection leading to Senate review without further examination of expenditure plans.
Libération 
L'Express 