French Parliament Passes 2025 Budget After Months of Political Turmoil
Prime Minister Bayrou's government survives no-confidence votes, using special constitutional powers to push the budget through.
- The French Senate approved the 2025 budget on Thursday, following its earlier passage in the National Assembly through the use of constitutional Article 49.3.
- Prime Minister François Bayrou's administration survived no-confidence votes triggered by the budget's forced adoption, with insufficient support from opposition parties to topple the government.
- The budget aims to reduce France's public deficit to 5.4% of GDP through €30 billion in spending cuts and €20 billion in tax increases targeting wealthier individuals and corporations.
- The political crisis over the budget had previously led to the collapse of Michel Barnier's government in December, prompting President Emmanuel Macron to appoint Bayrou as prime minister.
- The 2025 budget now awaits review by the Constitutional Council, with the government planning to use similar measures to pass the social security budget in the coming weeks.