French Government Faces Budget Setback as Assembly Rejects 2025 Financial Law
In a historic move, the French National Assembly rejected the ‘revenue’ section of the 2025 budget law on November 12, with only 192 votes in favor from the Nouveau Front populaire coalition. A total of 362 members voted against the deeply revised proposal, leading to its dismissal and allowing the government to present the original text to the Senate. The budget included new taxes targeting superprofits and digital giants, prompting mixed reactions from lawmakers. Budget Minister Laurent Saint-Martin indicated amendments would be introduced during Senate discussions, aiming for a compromise.