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Lecornu Begins 49.3 Push for 2026 Budget

Censure votes now loom, with Socialists declining to join after extracting social measures plus a levy on large firms.

Overview

  • The government will trigger Article 49.3 on the budget’s revenue section today, the first of three planned steps to secure final adoption by mid‑February.
  • La France insoumise and the Rassemblement National announced censure motions, but the Socialist Party signaled it will not support them, leaving a government defeat unlikely if the center bloc holds.
  • Lecornu reversed his earlier pledge to renounce 49.3, saying he acted with regret to end a legislative impasse after December’s failed first reading.
  • The budget aims to keep household taxes unchanged and to contain the deficit around 5% of GDP, a target President Emmanuel Macron endorsed in cabinet remarks.
  • Concessions to the PS include a higher prime d’activité, €1 student meals, and a surtax on profits of roughly 300 large companies expected to raise about €8 billion in 2026.