Seoul Gazette - French parliament finally adopts 2025 budget

The upper house Senate, dominated by the right and centre-right, approved the budget with 219 votes for and 107 against. Prime Minister Francois Bayrou forced the legislation through the lower house National Assembly earlier this week without a vote but then defeated ensuing no confidence votes.

The standoff over the budget forced the end of the short-lived government of Michel Barnier last year but Bayrou, a veteran centrist appointed by President Emmanuel Macron to end months of political crisis, has avoided a similar fate so far.

Finance Minister Eric Lombard, speaking in the Senate, hailed the adoption of what he described as a budget for "financial recovery" which seeks to reduce the public deficit to 5.4 percent of GDP in 2025.

This will be achieved via "an unprecedented effort" of 30 billion euros ($31 billion) in savings and 20 billion euros "in tax increases proportional to each person's ability to contribute", he said.

Bayrou's government has survived because the opposition far-right National Rally (RN) and also the Socialists (PS) did not back Wednesday's no confidence motions brought by the hard-left France Unbowed (LFI), despite opposing the budget.

The social security budget is now set to pass in a similar fashion, with the government again set to employ article 49.3 of the constitution which allows it to push through legislation without a vote in the National Assembly.

Analysts say that while Bayrou has now won breathing space, his position remains shaky and he still risks being tripped up later in the year by more no confidence motions that could be backed by the RN and PS.

B.Ha--SG