Emergency Budget Law Promulgated by Emmanuel Macron Amid Financial Uncertainty
The French Parliament has urgently adopted a special law allowing the government to collect taxes and borrow funds to finance the state and social security due to the lack of a 2025 budget. Promulgated by President Emmanuel Macron while visiting Mayotte after cyclone damage, the law ensures basic governmental operations for early 2025. Budget Minister Laurent Saint-Martin emphasized the need for a full budget to stabilize public finances, while Prime Minister François Bayrou hopes for budget approval by mid-February, acknowledging the challenges ahead.