EconomyLens.com
No Result
View All Result
Friday, July 18, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

French parliament finally adopts 2025 budget

Natalie Fisher by Natalie Fisher
February 6, 2025
in Economy
Reading Time: 4 mins read
A A
1
59
SHARES
735
VIEWS
Share on FacebookShare on Twitter

Bayrou is safe in his job... for now. ©AFP

Paris (AFP) – The French parliament on Thursday finally adopted the state’s 2025 budget following a tumultuous months-long process that saw the previous government toppled and the current administration survive multiple no confidence votes. The upper house Senate, dominated by the right and centre-right, approved the budget with 219 votes for and 107 against.

Related

Brazil’s Lula calls Trump’s tariff threat ‘unacceptable blackmail’

Japan’s SMEs ready to adapt to Trump tariffs

China mulls economy-boosting measures to counter ‘severe situation’

China mulls economy-boosting measures to counter ‘severe situation’

Brazil’s Lula calls Trump’s tariff threat ‘unacceptable blackmail’

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.

© 2024 AFP

Tags: budgetfinancepolitics
Share24Tweet15Share4Pin5Send
Previous Post

Global stocks rise on easing trade fears, company earnings

Next Post

Shein, Temu face cost of adapting to new US customs rules

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Japan rice prices double, raising pressure on PM

July 18, 2025
Economy

US House passes landmark crypto measures in win for Trump

July 17, 2025
Economy

EU readies retaliatory list targeting US services

July 17, 2025
Economy

South Africa warns global turmoil threaten development goals

July 17, 2025
Economy

US senators approve $9 billion of Elon Musk’s federal cuts

July 17, 2025
Economy

China moves to tame ‘irrational competition’ as EV price war persists

July 16, 2025
Next Post

Shein, Temu face cost of adapting to new US customs rules

Bank of England slashes UK growth outlook amid Trump tariff threat

Decathlon on back foot over China forced labour accusations

EU quizzes Shein over 'illegal' products

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

EU targets Russian oil in tough new Ukraine war sanctions

July 18, 2025

US House passes landmark crypto measures in win for Trump

July 18, 2025

California to sue Trump govt over axed high-speed rail funds

July 18, 2025

Brazil’s Lula calls Trump’s tariff threat ‘unacceptable blackmail’

July 18, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.