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.