French Government Considers 49.3 to Pass 2025 Budget

Prime Minister Michel Barnier signals intent to bypass parliamentary vote after budget rejection.

The French National Assembly rejected the 2025 budget's revenue section, pushing the initial proposal back to the Senate.
Prime Minister Michel Barnier plans to invoke Article 49.3, allowing the government to pass the budget without a vote, citing a lack of alternatives.
The budget, aiming for €60 billion in savings, faces criticism for potential impacts on local governments, which warn of financial strain.
The Senate, with a right-leaning majority, is expected to support the government's budget, potentially leading to a joint commission to resolve differences.
A new scientific committee has been formed to improve budget forecasts after previous significant deficit miscalculations.