US EditionFrench lawmakers pass emergency rollover budget law
The emergency budget law allows tax collection and public service funding to continue after 2026 budget talks failed, despite political divisions, Finance Minister warned of economic risks.
28 Articles
28 Articles
The transitional regime allows the country to continue to levy taxes, to borrow and to fund the state fundamentally. However, the Minister of Economy declares that it is only a "minimum service".
Because France's state budget for 2026 could not be passed because of months of dispute, Parliament has now adopted a special law to prevent the state from collapse. The trick has a high price.
France passes emergency bill to avert US-style shutdown as budget talks collapse
France’s parliament has approved an emergency law to keep public services running after 2026 budget talks broke down, raising pressure on President Emmanuel Macron’s minority government to avoid a deeper fiscal crisis.
So far, the deeply divided French parliament has not been able to agree on a budget for 2026. Therefore, in order to keep the state in a limited position, it has passed an emergency law.
France's fragmented Parliament passed an emergency law (lex specialis) on Tuesday evening to prevent the state's funding from being cut off from January 1st after negotiations on the 2026 budget collapsed.
The French Parliament cannot agree on a budget for 2026. To remain capable of action comes an emergency solution. What does this mean for the heavily indebted country?
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