France's 2026 budget, most amended and delayed in Fifth Republic

France's 2026 budget was promulgated on February 20 after an unprecedented process, featuring nearly 25,000 amendments and over 50 days of delay. Almost fully approved by the Constitutional Council on February 19, this text stands as the most debated in the Fifth Republic's history, with a result deemed disappointing by all observers.

The adoption process for France's 2026 budget lasted 220 days, a record for the Fifth Republic. It began on July 15, 2025, when François Bayrou, then Prime Minister, outlined key directions, including the elimination of two public holidays, to address issues following the 2025 budget that led to the fall of his predecessor Michel Barnier and a promulgation delayed by one and a half months.

Despite these efforts, the text gathered 24,675 amendments and hundreds of hours of debate, resulting in unanimous rejection in the National Assembly's commission, where even its supporters abstained.

Passed using Article 49.3 of the Constitution without a vote, the budget was described as a 'democratic shipwreck' by many elected officials. The Constitutional Council approved it almost entirely on February 19, prior to its promulgation on February 20. This journey highlights ongoing tensions in France's public finance examinations.

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Dramatic photo-realistic scene of France's Constitutional Council building with suspended 2026 budget documents and debating politicians.
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France still lacks applicable 2026 budget

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France's 2026 budget remains inapplicable due to multiple referrals to the Constitutional Council, including by the government itself. This unprecedented move since 1977 suspends its implementation until a decision expected by February 20. Several opposition parties have also challenged fiscal and social measures in the text adopted on February 2.

The French National Assembly on February 2, 2026, rejected two no-confidence motions against Prime Minister Sébastien Lecornu's government, definitively adopting the 2026 finance bill after a four-month saga of intense debates. The compromise text targets a 5% GDP deficit—deemed insufficient by experts—following concessions, three uses of Article 49.3, and opposition criticism, with the bill now headed to the Constitutional Council for review before late promulgation.

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Prime Minister Sébastien Lecornu engaged his government's responsibility for the third time on Friday, January 30, 2026, using Article 49.3 of the Constitution to pass the 2026 finance bill at the National Assembly. This procedure, the final step after four months of debates, exposes the text to two expected censure motions on Monday, February 2, whose rejection should lead to its definitive adoption. However, a procedural error makes the voted text inaccurate, particularly regarding the balance between tax increases and savings.

After three months of tense negotiations, Prime Minister Sébastien Lecornu passed the 2026 budget by conceding several points to the socialists, including suspending the 2023 retirement reform. This adoption, secured via article 49.3, avoids a controversial tax but raises economic concerns for the French. The concessions will come at a cost to businesses and the country's economy.

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The 2026 finance bill was passed using Article 49.3 of the Constitution, despite the Prime Minister's initial promise against it. The public deficit is projected at 5% of GDP, down from 5.4% in 2025, exceeding 150 billion euros overall. This amounts to an average of 3614 euros per one of the 41.5 million fiscal households.

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