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Lecornu Turns to 49.3 to Push Through France’s 2026 Budget

The decision triggers censure bids, with the government relying on Socialist non-censure won through concessions.

Overview

  • After an extraordinary Council of Ministers on January 19, Prime Minister Sébastien Lecornu said he will engage his government’s responsibility via 49.3, reversing his October pledge and expressing regret.
  • He will first trigger 49.3 on the revenue section Tuesday, then on spending and the full text, with a final budget possible by mid-February if censure motions fail.
  • La France insoumise and the Rassemblement National said they will file motions of censure, while the Socialist group indicated it would not support censure after recent talks.
  • Concessions cited by Socialists include a higher prime d’activité, €1 university meals and additional funding for social housing, with no increase in household taxes.
  • The budget retains an €8 billion surtax on profits of roughly 300 large companies and drops a planned CVAE cut, as the government targets a deficit near 5% of GDP.