Finance legislation 2024: the federal government licensed to activate article 49.3

49.3 ought to make its return to the Nationwide Meeting. Assembly on Wednesday morning, the Council of Ministers licensed the federal government to make use of this controversial article of the Structure for the general public finance programming invoice, a authorities supply advised Europe 1.

The deliberation of the Council of Ministers is critical to permit using this text which permits the adoption of a textual content with no vote, until a movement of censure in return overthrows the federal government. The general public finance programming invoice has already been rejected in 2022 by the Meeting, the place the federal government solely has a relative majority.

This might be the twelfth use of 49.3

This might then be the twelfth use by the top of presidency to this constitutional weapon which might enable this textual content to be handed with no vote, until a movement of censure is adopted. Rejected by the Meeting a yr in the past, it notably plans to scale back the general public deficit from 4.8% of gross home product (GDP) in 2022 to 2.7% in 2027, beneath the European goal of three%, in a context the place the debt burden is exploding.

Public debt would fall by slightly below 4 factors, to 108.1% of GDP, nonetheless properly above the European restrict of 60%. An “unambitious” trajectory based mostly on “optimistic” progress hypotheses, criticized the Excessive Council of Public Funds (HCFP) on Monday.