French committee's budget revenue rejection reaches full Assembly debate
Deputies voted 31 to 3 on October 9 to reject the revenue section of the social security budget, sending the floor debate back to the government's original text.
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France's social security committee has rejected the revenue portion of the budget, a setback that pushes the full Assembly debate back to the government's original draft rather than the version amended in committee. Decrypt reported the committee voted 31 to 3 against the revenue section on October 9. A formal floor vote on that section is scheduled for October 20, according to KuCoin News.
Finance minister Roland Lescure has said every budget measure remains open for negotiation, a framing that casts this vote as another round in that bargaining rather than a collapse of the process. French government bond yields and the spread over German Bunds have swung repeatedly on budget headlines through this cycle, with the stress so far staying contained to French assets rather than spilling into longer-dated Treasurys. The rejection adds a concrete legislative setback to a process that has already shown fiscal strain, and investors holding French debt are watching whether that containment holds as the floor vote on October 20 approaches.