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Snapshot 3:Mon, Dec 2, 2024 9:32:27 PM GMT last edited by Brian

French PM Risks Ouster After Forcing Budget Through Parliament

French PM Risks Ouster After Forcing Budget Through Parliament

Above: French Prime Minister Michel Barnier delivers a speech during the voting session on the draft of the 2025 Social Security bill at the National Assembly, the French Parliament's lower house, in Paris, France, on Dec. 2, 2024. Image copyright: Stephane De Sakutin/Contributor/AFP via Getty Images

The Facts

  • The budget plan includes €60 billion in measures, combining €40 billion in spending cuts and €20 billion in tax increases, aimed at reducing France's public deficit from 6.1% to 5% of GDP.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.

  • Both the left-wing New Popular Front coalition and the far-right National Rally announced they would file no-confidence motions, with voting expected as early as Wednesday.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.


The Spin

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Macron’s government has proven its incompetence, paralyzing France with snap elections and reckless tax hikes. PM Barnier's harmful policies have left the nation with rising borrowing costs, stagnating growth, and declining consumer confidence. It's clear that only the National Rally’s pragmatic, growth-focused leadership can restore fiscal stability, protect pensions, and rebuild public trust.


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