France's 2026 budget returns to National Assembly commission

The National Assembly resumes examination in commission on Thursday of the state budget for 2026, after a failed first reading. Public accounts minister Amélie de Montchalin rules out no method to pass the bill, including Article 49.3. The government aims for a deficit below 5% in 2026.

The National Assembly resumed on Thursday, January 8, the examination in commission of the 2026 finance bill, in the shared hope of a quick resolution between the government and parliamentarians. This return to a new reading follows the failure of the first reading and the impossibility of agreement in the joint committee on December 19, which brings together seven deputies and seven senators.

At year's end, the government had to pass a special law to ensure the continuity of public services, extending 2025 taxes into the following year. This suspends, among other things, the increase in defense credits and certain agricultural measures, at a time when the sector is expressing its anger through protests.

On RTL, Public Accounts Minister Amélie de Montchalin stated: "I rule out nothing that could ultimately give the French a budget," in response to a question about the possible use of Article 49.3, which allows a bill to pass without a vote by staking the government's responsibility. She added that "the method of adopting the budget depends on the government" and that a "prior political agreement" is essential.

The PS group leader, Boris Vallaud, said in Libération that "it is time (…) to get out of this budgetary sequence." He leaves the decision to the government, which "will have to provide reasons not to be censured."

The work will continue in commission until Saturday, then in the hemicycle from Tuesday, theoretically until January 23. Deputies will start from the Senate's version, and over 2,000 amendments have been tabled, promising heated debates. For definitive adoption, the Senate must approve the text in the same terms, or the Assembly will rule a third time.

While PCF, Ecologists, LFI, and RN oppose the bill, a majority would require the votes of socialists and LIOT independents, which the PS refuses. A meeting at Bercy on Tuesday brought together the government coalition, LIOT, and PS with Ministers Montchalin and Roland Lescure, without a clear agreement on a no-censure pact.

General rapporteur Philippe Juvin (LR) proposes an increase in revenues of 2.93 billion euros and a cut in spending of 6.2 billion compared to the Senate version. The PS, however, wants to increase spending by 9 billion compared to the government's initial project. The government seeks to bring the deficit below 5%, against 5.4% in 2025.

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French National Assembly debates resuming on 2026 budget, Economy Minister Roland Lescure addressing skeptical lawmakers.
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French assembly resumes debates on 2026 budget

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On January 13, 2026, the French National Assembly resumed examination of the 2026 finance bill, following the failure to reach agreement in the joint parliamentary committee in December. Economy Minister Roland Lescure assured deputies that the text is "within reach," urging a final effort for compromise. Yet few lawmakers believe it can pass without invoking article 49.3 or using ordinances.

After a weekend suspension of debates, National Assembly deputies resumed discussions on November 17 on the revenues section of the 2026 finance bill, with over 1,500 amendments to review by November 23. In the evening, they tackle the end-of-management bill adjusting 2025 finances, featuring debates on the VAT revenue shortfall. Meanwhile, the Senate reviews the social security budget and removes the pension reform suspension.

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The National Assembly's finance committee rejected the 'expenses' section of the 2026 budget on Saturday, following the dismissal of the 'revenues' part the previous day. Discussions, plagued by absenteeism, failed to reach agreement, widening the public deficit. The government still aims for adoption by month's end to keep the deficit below 5%.

Deputies in the Finance Commission overwhelmingly rejected Wednesday the state budget expenses for 2026, heavily rewritten with 27 billion euros in additional spending. This indicative vote highlights the lack of majority for the government text. Meanwhile, the Assembly approved a 2-euro tax on small extra-European parcels.

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In the night of November 21 to 22, 2025, the French National Assembly rejected almost unanimously the first part of the 2026 finance bill, concerning revenues. Only one favorable vote and 84 abstentions were recorded against 404 rejections. The government's initial text will be sent to the Senate without the adopted amendments.

Debates on France's 2026 budget project promise to be fierce in the National Assembly, with over 1,700 amendments filed for the revenues section. Budget rapporteur Philippe Juvin sharply criticizes the planned tax increases and calls for cuts in public spending. The finance committee review begins on Monday, October 20, in a tight schedule.

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French deputies resumed debates on the 2026 social security financing bill on December 2 in a tense atmosphere marked by divisions within the government coalition. The text, amended by the Senate which removed the suspension of pension reform, risks rejection without compromise with the left. A solemn vote is scheduled for December 9, with crucial stakes for the deficit and government stability.

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