The French government successfully passed two votes of no confidence on Friday, related to fiscal plans, moving closer to the adoption of the budget for 2026. The no-confidence proposal from the left-wing party La France Insoumise received 269 votes, insufficient to pass, while the version from the right-wing party Rassemblement National garnered only 142 votes. Prime Minister Sébastien Lecornu invoked Article 49.3 of the constitution to pass the budget, allowing him to adopt the legislation without a vote, but exposing himself to motions of censure.
France is facing financial pressures to reduce the budget deficit of 5.4% of GDP and debt estimated at 118.2% of GDP in 2026. The Parliament, unable to draft a budget, was forced to extend the budget from 2025 until the completion of the fiscal plans. The government promises to reduce the deficit below 3% of GDP by 2029, according to EU rules.
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