Overview
- After weeks of rewrites in the lower house, the Assembly’s Finance Committee has now rejected the spending chapter and a vote on revenues is expected to fail, with roughly 1,300 amendments still pending before Sunday’s deadline.
- If the receipts are rejected, the government’s original draft will be transmitted to the Senate, which could wipe out newly adopted levies such as taxes on multinationals and the GAFAM sector.
- The right–centre majority in the Senate has begun examining the Social Security bill and intends to restore the 2023 pension reform, target a 2026 Sécu deficit near €17.5 billion and reintroduce a partial freeze on pensions and benefits below defined thresholds.
- Senators also plan to overturn measures backed in the Assembly, including a higher CSG on capital, while a final Senate vote on the PLFSS is slated for November 26 after seven straight days of debate.
- With a cross‑chamber compromise seen as unlikely and a CMP outcome in doubt, discussion has intensified around exceptional procedures such as a special law or ordinances, even as the executive publicly downplays the impasse.