Will France call another election by 2026?
MetaculusAug 06, 2024
French Prime Minister (PM) Michel Barnier invoked Article 49.3 of the Constitution to force through next year's social security budget without a parliamentary vote, triggering immediate opposition backlash.
The budget plan includes €60B (US$63B) in measures, combining €40B in spending cuts and €20B in tax increases, aimed at reducing France's public deficit from this year's 6.1% of gross domestic product (GDP) to 5% next year.
Barnier made last-minute concessions, including scrapping planned electricity tax increases and adjusting prescription drug reimbursement policies, but failed to secure sufficient support.
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