French National Assembly Debates 2026 Social Security Budget Amid Pension Reform Suspension
France's National Assembly debates the 2026 Social Security budget, suspending pension reform and approving key tax amendments amid ongoing fiscal discussions.
- • The 2026 Social Security budget debate includes suspension of pension reform and is ongoing until November 9, with a vote on November 12.
- • An amendment to restore the exit tax to its 2019 version was approved to reverse previous softening by President Macron.
- • The revenue section of the 2026 finance bill was examined, with about 3,700 amendments scheduled for discussion starting November 12.
- • Édouard Philippe proposed a major 2027 fiscal plan with 50 billion euros in tax cuts for companies balanced by less government aid.
Key details
The French National Assembly is currently scrutinizing the 2026 budget for Social Security, which notably includes the suspension of the pension reform—a contentious measure stirring debate. These discussions are ongoing through Sunday evening, with the full budget vote scheduled for November 12 after a pause for the November 11 holiday. The adoption of this budget remains uncertain as deputies deliberate various amendments and fiscal policies.
On the revenue side, deputies recently concluded the public examination of the 2026 finance bill's revenue section. Among key legislative moves, an amendment to reinstate the exit tax to its pre-2019 form was approved. This tax, previously softened by President Emmanuel Macron to bolster France's appeal to expatriates, will now be restored to its original status. In total, approximately 3,700 amendments are slated for debate when discussions resume.
Separately, Édouard Philippe proposed a significant fiscal reform for 2027 featuring 50 billion euros in tax cuts directed at companies. This plan aims to enhance production and competitiveness while being offset by reduced government aid. These proposals reflect the broader fiscal challenges and political negotiations shaping France's budget and social policy landscape as the country prepares for next year's financial roadmap.
The ongoing debates underscore tensions over how to finance Social Security effectively without advancing the pension reform, a central issue for the government and opposition alike.