MPs almost unanimously reject the revenue section of the 2027 budget in committee

2026-10-08

After three days of review, the Finance Committee almost unanimously rejects the revenue section of the 2027 budget, having examined some 1,700 amendments.
The government aims to reduce the public deficit to 5% of GDP in 2027 and plans an additional €45 billion in savings.
The bill includes several tax increases or new taxes; lawmaker Charles de Courson puts their total at €17 billion to €18 billion.
The bill faces opposition from several groups, while the government could invoke Article 49.3 if a political compromise is reached.
In committee, lawmakers adopted measures tightening taxation on certain holding companies and large businesses, as well as aid for agriculture and livestock farming.
Lawmakers voted for several VAT changes, including reduced rates for certain bio-based materials and solar installations, and scrapped the planned increase for some television subscriptions.