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National Assembly Approves Social Security Revenues After Scaled-Back Capital-CSG Deal

The vote keeps the 2026 social‑security financing law alive pending an uncertain final test on December 9.

Overview

  • Lawmakers passed the revenues section 166–140, with Renaissance, MoDem, the Socialists and some Liot backing it, while RN and LFI opposed and LR and Horizons largely abstained.
  • The compromise raises the CSG on some capital income with a reduced yield of about €1.5 billion versus €2.8 billion initially, excluding PEL interest, life‑insurance payouts, rental income and real‑estate capital gains.
  • To win support, the government vowed not to raise medical franchises by decree and signaled openness to lift the health‑spending target (Ondam) to roughly +2.5% while supporting work on an "année blanche" compromise.
  • Prime Minister Sébastien Lecornu warned that failure to pass the PLFSS could push the 2026 social‑security deficit to €29–30 billion and reiterated that he is not using article 49.3 for now.
  • The Assembly turns this afternoon to the spending chapter, with divisions persisting over health outlays and measures such as a potential suspension of the 2023 pension reform before the decisive December 9 vote.