French National Assembly Narrowly Approves Revenue Section of 2026 Social Security Financing Bill Amid Divisions

On December 5, 2025, the French National Assembly voted to approve the revenue portion of the 2026 Social Security financing bill (PLFSS) by a narrow margin of 166 in favor, 140 against, with 32 abstentions. The vote marked a key step amid intense parliamentary debate and political tension, especially given the bill's contentious nature surrounding retirement reform, mutual insurance taxation, medication co-payments, and sick leave provisions.

The approval prevented a halt in discussions on expenditure measures and the suspension of pension reform, which would have jeopardized the entire bill. Support largely came from deputies affiliated with Renaissance, MoDem, the Socialist Party (PS), and the LIOT group, while opposition was led by National Rally (RN), La France insoumise, and the Ecologists. The Republicans (LR) and Horizons groups mostly abstained, with some members voting in favor.

The vote followed a new reading of the PLFSS, with around a thousand amendments proposed by deputies, resulting in significant modifications compared to the Senate's initial draft. Notably, debates yielded a compromise on a measured increase in the Generalized Social Contribution (CSG), easing concerns within the parliamentary majority. Despite promising developments, these changes require confirmation in the upcoming parliamentary shuttle before becoming effective.

Prime Minister expressed relief at this outcome, viewing the vote as a crucial victory paving the way for the bill's definitive approval scheduled for December 9. Proceedings on the budget of Social Security continue until that date, with intense scrutiny over key areas such as vaccination funding and taxation of mutual health insurers.

In summary, while the revenue section's passage is a positive step, the overall resolution of the PLFSS remains uncertain as deputies prepare for final votes and negotiations amidst sharp political divides.