Budget 2025: unanimous vote of the Senate, the “special law” is definitively adopted by Parliament

It's official, Parliament definitively adopts a "special law" this Wednesday, December 18, 2024 to compensate for the ;no budget for 2025.

The “special law”, a budgetary palliative submitted urgently after the censure of Michel Barnier's government, was definitively adopted on Wednesday in Parliament after a final unanimous vote in the Senate.

An atypical bill approved

After the National Assembly on Monday, the upper house approved this atypical bill, which is very limited in its scope, which authorizes the executive to levy taxes and borrow to finance the State and Social Security. It could therefore be promulgated before December 31, but it would not spare the government and Parliament from providing France with a budget for 2025.

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The text, tabled in response to Michel Barnier's censure and the political impasse preventing the adoption of a budget for 2025, is intended to serve as a crutch while waiting for the adoption of more ambitious budget texts in early 2025, which will be the first real tests of the future Bayrou government.

Waiting for a budget for 2025

Mr. Barnier's successor, François Bayrou, has been working since his appointment on Friday to set up a government, whose primary mission will be to have a budget adopted for 2025.

However, noting that “the adoption of the initial finance law for 2025 will not take place for several months”, MM. de Courson and Coquerel published a letter to the new Prime Minister on Sunday, requesting that a certain number of tax provisions that are “consensus within the two assemblies” and are “urgent”.

“This is particularly the case for the extension of taxes and tax credits expiring on December 31, the tax and social security exemption on tips (…), the indexation of the income tax scale to inflation, the extension of the zero-rate loan or even (certain) provisions in favor of farmers,” they list.