A draft “special law” proposed by the French government was passed by the French National Assembly and Senate on the 23rd. The bill allows the government to continue to collect taxes and borrow money in the absence of the 2026 budget to ensure the normal operation of state institutions. According to the content of the bill, France will temporarily follow the 2025 budget framework and continue to collect taxes and pay civil servants' salaries, but this does not include any additional expenses. No additional budget, including defense spending, is included in the bill.

Zhitongcaijing · 2d ago
A draft “special law” proposed by the French government was passed by the French National Assembly and Senate on the 23rd. The bill allows the government to continue to collect taxes and borrow money in the absence of the 2026 budget to ensure the normal operation of state institutions. According to the content of the bill, France will temporarily follow the 2025 budget framework and continue to collect taxes and pay civil servants' salaries, but this does not include any additional expenses. No additional budget, including defense spending, is included in the bill.