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6mo ago

French Budget 2025 Debates Descend Into Chaos With Delays and Defeats

The French government faces multiple setbacks in the National Assembly, with key amendments passed against its wishes and the looming threat of invoking Article 49.3.

Pour l'instant, le destin du budget 2025 est une vaste nébuleuse institutionnelle.
La surtaxe sur les grandes entreprises avait été renforcée par un amendement LFI vendredi avant que les députés ne la rejettent.
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Un amendement visant à taxer le patrimoine des millardaires a été adopté à l'Assemblée nationale, le vendredi 25 octobre 2024.

Overview

  • The French National Assembly has failed to conclude debates on the 2025 budget, leaving over 1,500 amendments unexamined and delaying the scheduled vote.
  • Amendments passed include a new 2% tax on billionaire wealth, despite government opposition, and the rejection of a proposed increase in electricity taxes.
  • The government faces a potential use of Article 49.3 to pass the budget without a vote, risking a motion of censure from the opposition.
  • Key proposals, such as the surtax on large corporations and reforms to electricity tariffs, have been rejected or heavily amended.
  • The budget for social security has been unanimously rejected in committee, further complicating the government's fiscal plans.