The Prague Post - French lawmakers give first approval to social security budget bill

EUR -
AED 4.206905
AFN 71.589866
ALL 95.627825
AMD 433.346952
ANG 2.050608
AOA 1050.436762
ARS 1598.48234
AUD 1.626239
AWG 2.063359
AZN 1.95061
BAM 1.945237
BBD 2.3149
BDT 141.034193
BGN 1.957564
BHD 0.432596
BIF 3411.899127
BMD 1.145515
BND 1.465206
BOB 7.941876
BRL 6.0135
BSD 1.149324
BTN 105.875104
BWP 15.493398
BYN 3.388486
BYR 22452.092461
BZD 2.311618
CAD 1.565203
CDF 2494.931712
CHF 0.902775
CLF 0.026459
CLP 1044.74356
CNY 7.868571
CNH 7.902896
COP 4241.12008
CRC 541.744173
CUC 1.145515
CUP 30.356145
CVE 109.669501
CZK 24.450958
DJF 204.675942
DKK 7.472262
DOP 70.206942
DZD 151.785302
EGP 60.067711
ERN 17.182724
ETB 179.402573
FJD 2.542819
FKP 0.85466
GBP 0.863267
GEL 3.110036
GGP 0.85466
GHS 12.453379
GIP 0.85466
GMD 83.622845
GNF 10076.023902
GTQ 8.813145
GYD 240.464293
HKD 8.96677
HNL 30.423871
HRK 7.534736
HTG 150.54728
HUF 392.343435
IDR 19425.642039
ILS 3.595663
IMP 0.85466
INR 105.86511
IQD 1505.724007
IRR 1514112.985193
ISK 144.403808
JEP 0.85466
JMD 179.887724
JOD 0.812159
JPY 182.484538
KES 148.058096
KGS 100.175676
KHR 4612.851814
KMF 490.280442
KPW 1031.001455
KRW 1713.135972
KWD 0.351868
KYD 0.957799
KZT 562.605088
LAK 24623.403846
LBP 102926.863934
LKR 357.341218
LRD 210.337878
LSL 18.987482
LTL 3.382408
LVL 0.692911
LYD 7.33607
MAD 10.771113
MDL 19.958539
MGA 4763.986277
MKD 61.713955
MMK 2405.604459
MNT 4089.652192
MOP 9.264763
MRU 45.675787
MUR 52.705547
MVR 17.709765
MWK 1993.01714
MXN 20.49911
MYR 4.509923
MZN 73.19785
NAD 18.9874
NGN 1591.7964
NIO 42.29921
NOK 11.167967
NPR 169.395019
NZD 1.96741
OMR 0.440409
PAB 1.149359
PEN 3.933143
PGK 4.957019
PHP 68.317375
PKR 321.070695
PLN 4.269821
PYG 7441.495674
QAR 4.190446
RON 5.095279
RSD 117.416399
RUB 92.238199
RWF 1680.324596
SAR 4.298653
SBD 9.223297
SCR 15.949562
SDG 688.453919
SEK 10.77122
SGD 1.466379
SHP 0.859433
SLE 28.179556
SLL 24020.895685
SOS 655.719447
SRD 42.803884
STD 23709.846089
STN 24.367368
SVC 10.057389
SYP 127.011646
SZL 18.992293
THB 36.96007
TJS 11.016879
TMT 4.020757
TND 3.379151
TOP 2.758125
TRY 50.620651
TTD 7.799648
TWD 36.607792
TZS 2995.345058
UAH 50.89091
UGX 4302.636935
USD 1.145515
UYU 45.960438
UZS 13948.261761
VES 504.501324
VND 30125.324163
VUV 137.001435
WST 3.109413
XAF 652.394603
XAG 0.01383
XAU 0.000225
XCD 3.095811
XCG 2.071452
XDR 0.81137
XOF 652.405931
XPF 119.331742
YER 273.262413
ZAR 19.293152
ZMK 10311.029579
ZMW 22.326476
ZWL 368.855337
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RYCEF

    -0.1000

    17.25

    -0.58%

  • CMSC

    -0.1000

    23.14

    -0.43%

  • VOD

    -0.0900

    14.31

    -0.63%

  • RIO

    -1.3800

    90.7

    -1.52%

  • AZN

    -0.8100

    192.5

    -0.42%

  • RELX

    -0.5800

    34.18

    -1.7%

  • BTI

    0.7300

    59.89

    +1.22%

  • NGG

    1.1200

    90.81

    +1.23%

  • BP

    0.6000

    42.16

    +1.42%

  • BCC

    -2.2800

    69.62

    -3.27%

  • JRI

    -0.0300

    12.82

    -0.23%

  • CMSD

    -0.0500

    23.1

    -0.22%

  • BCE

    -0.2100

    25.68

    -0.82%

  • GSK

    -0.8700

    54.28

    -1.6%

French lawmakers give first approval to social security budget bill

French lawmakers give first approval to social security budget bill

The lower house of French parliament on Tuesday narrowly approved a social security budget, clearing a major hurdle for Prime Minister Sebastien Lecornu as he seeks to finalise a 2026 spending plan by year-end.

Text size:

The National Assembly backed the measure, which includes the suspension of an unpopular pension reform, by 247 votes to 234, and it will now head back to the Senate before returning to the lower chamber.

Lecornu hailed the outcome of Tuesday's vote, thanking what he called a "responsible majority".

France, the eurozone's second-largest economy, is under pressure to cut its budget deficit but efforts have been hamstrung by a fragmented parliament, the result of snap elections President Emmanuel Macron called last year.

The premier has promised to secure approval for a spending plan by the end of December.

But in a bid to avoid the fate of his two predecessors, who were toppled over cost-cutting measures, he has pledged to abandon a controversial constitutional power used in the past to ram the spending plan through parliament without a vote.

This had led to protracted debates on the two main parts of the budget: the state budget bill and draft law for the social security budget.

Leading up to the vote, the premier had warned politicians against torpedoing the budget plan.

"This social security budget bill is not perfect, but it is the best possible," Lecornu wrote on X on Saturday.

"Not having a budget would be dangerous for our social protection, our public accounts, and the role of parliament."

The version of the bill lawmakers approved includes the suspension of a 2023 pensions reform to raise the retirement age from 62 to 64. That was needed to secure the support of the Socialists, a swing group in parliament.

There were concerns ahead of the vote that, if lawmakers failed to approve the legislation, it could prompt calls for Lecornu to resign.

But government spokeswoman Maud Bregeon said this weekend that his stepping down "would make no sense".

The Senate is to vote on the other part -- the state budget -- on December 15.

burs-ah-as/ekf/rmb

S.Danek--TPP