On Tuesday, November 12, French deputies rejected the revenue part of the Finance Bill (PLF) for 2025, which had been significantly revised during its consideration in the National Assembly.
The text was rejected in a solemn vote at the Borbón Palace with 192 votes in favor and 362 against.
Thoroughly revised by amendments presented mainly by the New Popular Front (NFP) and the National Assembly (RN), the bill was finalized overnight from Friday to Saturday.
Eric Coquerel, president of Francia Insumisa (LFI) of the finance committee, welcomed on the social network “This budget is the budget of the New Popular Front, it is the budget that the French people elected on July 7”estimated the LFI deputy, Aurélien Le Coq.
This new amount contained 75 billion additional income, “proposed or supported by the NFP on very high incomes and large companies” and 17,000 million less with the reduction of VAT, aid to communities, the elimination of taxes on electricity, the extension of the zero-rate loan.
The Minister of Budget, Laurent Saint-Martin, denounced it on the social network “A fiscal overdose of 35 billion euros that will not forgive anyone”.
The initial draft budget for 2025 envisaged massive savings of €41.3 billion and €19.3 billion in additional revenue through a major tax increase. The text will now continue its legislative journey in the Senate.
