After the collapse of budget talks, France is racing against time to avoid a government shutdown
The divided French Parliament discussed a draft emergency law, today, aimed at preventing the occurrence of A government shutdown in the American style next week, after the collapse of negotiations over the 2026 budget.
With only a few days remaining before the new year, the French President met Emmanuel Macron and his government on Monday night to present the abbreviated draft of the law.
It aims "Ensuring the continuity of national life and the performance of public services"including collecting taxes and disbursing them to local authorities based on tax and spending levels in the 2025 budget, according to what the French Council of Ministers reported.
France’s 2026 budget
The representatives of the National Assembly made several amendments to the draft law, and they are expected to vote on it late today, followed by the Senate.
The law is likely to be approved despite the deep divisions between the three main camps in the Assembly – the National Rally (right). extremist) led by Marine Le Pen, the leftist forces, and the central minority government led by French President Emmanuel Macron.
The next step will be more difficult: building a real budget for 2026, and avoiding a new political crisis.
French Economy
The French President is looking forward to reducing the huge deficit to (5%) and restoring investor confidence in the French economy after the extended political stagnation and unrest sparked by his ill-fated decision last year to call for early elections.
French Finance Minister Roland Lescure said today on BFM TV: "We need a budget as quickly as possible so we can move forward, and the longer the interim budget lasts the more expensive it will be"
French Prime Minister Sebastien Lecornu, who resigned and was reappointed this fall, is expected to deliver a public speech later today on the budget situation.
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