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FRANCE: PS Agree To Talks w/Bayrou Gov't On Budget

FRANCE
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On 7 Jan, a meeting of deputies from the centre-left Socialist Party (PS) agreed to engage with the minority gov't of PM Francois Bayrou to try to reach agreement on a state budget for 2025.  With under a week to go until Bayrou's general policy speech to the National Assembly on Tuesday 14 Jan, swift progress will be needed in order for an agreement to be reached. It is expected that a budget will be put forward a short time after the policy speech. 

  • Should the PS support the budget it would not guarantee its passage (if all other opposition parties voted against it would still fail), but would markedly improve its prospects. As Le Monde notes, "The government would like to reach an agreement with the moderate left on a sufficiently consensual budget project so that it does not vote for censure in the probable event that the Prime Minister uses Article 49.3..."
  • PS deputy for Indre-et-Loire, Laurent Baumel, told FranceInfo after a meeting between PS representatives and Economy Minister Éric Lombard that “If the Bayrou government does not want to be censored, it will have to make real concessions,”. These concessions will focus on reducing spending cuts and pushing for more significant tax hikes on large businesses and high earners.
  • BFM reports that the final details of Bayrou's policy speech may not be confirmed until 14 Jan, just hours before he addresses parliament, reflecting the difficulty the PM faces in gaining support (or at least avoiding censure) from various parties across the Assembly.  
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On 7 Jan, a meeting of deputies from the centre-left Socialist Party (PS) agreed to engage with the minority gov't of PM Francois Bayrou to try to reach agreement on a state budget for 2025.  With under a week to go until Bayrou's general policy speech to the National Assembly on Tuesday 14 Jan, swift progress will be needed in order for an agreement to be reached. It is expected that a budget will be put forward a short time after the policy speech. 

  • Should the PS support the budget it would not guarantee its passage (if all other opposition parties voted against it would still fail), but would markedly improve its prospects. As Le Monde notes, "The government would like to reach an agreement with the moderate left on a sufficiently consensual budget project so that it does not vote for censure in the probable event that the Prime Minister uses Article 49.3..."
  • PS deputy for Indre-et-Loire, Laurent Baumel, told FranceInfo after a meeting between PS representatives and Economy Minister Éric Lombard that “If the Bayrou government does not want to be censored, it will have to make real concessions,”. These concessions will focus on reducing spending cuts and pushing for more significant tax hikes on large businesses and high earners.
  • BFM reports that the final details of Bayrou's policy speech may not be confirmed until 14 Jan, just hours before he addresses parliament, reflecting the difficulty the PM faces in gaining support (or at least avoiding censure) from various parties across the Assembly.