According to reports, the French caretaker government will submit an emergency finance bill to parliament on Wednesday to avoid a shutdown after failing a confidence vote on its 2025 budget proposal last week. This makeshift legislation has never been tested in its current form, increasing uncertainty regarding its impact on already strained public finances and a struggling economy. The bill applies the same taxes as in 2024 and provides only minimal spending. France can only submit another complete budget after a new government is appointed. President Macron intends to nominate Barnier's successor before Thursday evening, but the new Prime Minister still needs to select a cabinet, and preparing a comprehensive finance bill and passing it through parliament usually takes several months. Reports indicate that the so-called 'special bill' submitted on Wednesday contains only a few provisions allowing the country to extend the same taxes collected in 2024 and continue issuing Bonds. This law must be enacted in the days before the end of the year to issue decrees that approve the minimum spending necessary for the country to operate in January.
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法国将提出紧急立法以避免政府关门
France will propose emergency legislation to avoid a government shutdown.
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