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France News Today

French news in English

Thursday, November 14, 2024

French Budget Debate Sparks Political Clash

Published: 2024-11-12

The French National Assembly is set to vote on the 2025 state budget's revenue section, a text significantly altered from its original form proposed by Prime Minister Michel Barnier.

The initial austerity budget aimed at reducing public deficit by €60 billion has been reshaped by over 3000 amendments, largely influenced by the left-wing Nouveau Front Populaire (NFP).

Key government measures, such as increased taxes on high incomes and large corporations, remain but have been modified.

The Senate, where Barnier holds a strong majority, is poised to take over the budget discussions, potentially rewriting the fiscal plans.

This political tug-of-war highlights the deep divisions within French politics, as the government refrains from using Article 49.3 to force the budget through, opting instead for open debate.