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Macron Promulgates Stopgap Budget Law as Talks Shift to January

The stopgap keeps France operating under 2025 rules pending January negotiations on the 2026 budget.

Overview

  • Signed into law on December 27, the special measure temporarily extends 2025 tax and spending parameters and bars new taxes or additional outlays, including planned defense increases.
  • Parliament passed the stopgap unanimously after a joint committee failed to reconcile Assembly–Senate differences on the 2026 finance bill.
  • Government leaders plan to restart budget debates in early January with a target of adopting a full finance law by the end of the month.
  • La France insoumise says it will not back any version of the budget and pledges an immediate censure motion if Article 49.3 is used to force it through, while the RN also remains opposed.
  • Prime Minister Sébastien Lecornu currently rules out using 49.3 as right and some centrist figures urge it, and the Socialist Party continues talks that could prove decisive; separate analyses note the fiscal impact of the stopgap is uncertain after earlier, non-final estimates.