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Lecornu Drops 49.3 for 2026 Budget, Turning to Negotiated Passage in the Assembly

The move forces open negotiations in a fragmented lower house, with a policy speech expected next week.

Overview

  • The prime minister said he will not invoke the constitutional mechanism used to pass every budget since 2022, handing lawmakers fuller control over the 2026 finance bill.
  • La France insoumise plans to file a motion of no confidence once the government is named, while the Socialist Party hails a form change but demands concrete guarantees including a new parliamentary vote on the 2023 pension reform.
  • Marine Le Pen called the decision more respectful of democracy and will decide on censure after the policy address; Les Républicains leader Bruno Retailleau warned against a "coalition of demagogues."
  • Lecornu pitched a tax on financial patrimony and signaled measures on purchasing power, also pledging improvements on pension hardship criteria and for women.
  • Even without 49.3, the executive can rely on tools such as Articles 47 (budget deadlines and possible ordinances), 44.3 (vote bloque), and 40 (financial admissibility), plus CMP procedures; the budget filing is due by October 7 and the cabinet lineup and policy speech are expected in the coming days.